The following information pertains to Scotts Tots, which incorporated on 1/1/18:

Stockholders' Equity Section of Balance Sheet as of 1/1/2019

Preferred Stock, 6% cumulative, $25 par (issued on 1/1/18)$400,000

Additional paid-in capital preferred 200,000

Common Stock, $0.50 par (issued on 1/1/18)500,000

Additional paid-in-capital common stock4,500,000

Treasury Stock (10,000 shares)60,000

Beginning Retained Earnings (as of Jan 1, 2019)2,800,000

Scotts Tots reports net income of $1,750,000 during 2019. On 12/31/19, the company declared and paid a dividend of $32,000, which was the first dividend the company had ever declared.

How many shares of common stock were issued on 1/1/18?

How much was received per share when the common stock was issued?

How many shares of common stock are outstanding as of 1/1/19?

How many shares of preferred stock were issued on 1/1/18?

How much was received per share when the preferred stock was issued?

What is the dividend amount (in dollars) stipulated for preferred stockholders?

How much of the 12/31/19 dividend will be distributed to preferred stockholders?

How much of the 12/31/19 dividend will be distributed to common stockholders?

How would your answers to the above question if the preferred stock was non-cumulative?

What was the repurchase price per share of Treasury Stock?

What is the companys earnings per share for 2019 (rounded to the nearest cent)?

What will retained earnings be at the end of 2019?