The following information was extracted from Smelzer Products year-end Balance Sheet:

Stockholders' Equity:

Capital Stock: 7%

cumulative preferred stock, $100 par value $15,000,000

Common Stock, $5 par value, 5,000,000 authorized, 4,000,000 shares issued and outstanding $20,000,000

Additional Paid In Capital: Common Stock $44,000,000

Retained Earnings $64,450,000

Total Stockholders' Equity $143,450,000

Compute the answers for the following questions: SHOW ALL CALCULATIONS

How many shares of preferred stock have been issued?

What is the total amount of the annual dividends to which preferred stockholders are entitled?

What was the average issuance price per share of common stock?

What is the amount of legal capital and the amount of total paid in capital?

What is the book value per share of common stock?

Is it possible to determine the fair market value per share of common stock from the stockholders' equity section above? Why or Why Not?