Question
The following data are provided: December 31, 2021 2020 5% Cumulative preferred stock, $50 par $103000 $103000 Common stock, $10 par 137000 94000 Additional
The following data are provided: December 31, 2021 2020 5% Cumulative preferred stock, $50 par $103000 $103000 Common stock, $10 par 137000 94000 Additional paid-in capital 77000 75000 Retained earnings (includes current year net income) 254000 213000 Net income 51000 Additional information: On May 1, 2021, 4900 shares of common stock were issued. The preferred dividends were not declared during 2021. The market price of the common stock was $55 at December 31, 2021. The rate of return on common stock equity for 2021 is calculated as 46+468. 51+468. O 46+422. 51+422.
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