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The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed:
The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed: Common stock ($0.01 par value; 200,000 shares authorized, 54,000 shares issued, 52,000 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the end of the year Treasury stock at cost (2,000 shares) Net income Current stock price Required: $ 540 456,000 22,000 312,000 (15,000) $ 95,000 $ 10.00 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. Note: Amounts to be deducted should be indicated with a minus sign. Stockholders' equity: Contributed capital: Common stock Additional paid-in capital Cascade Company Balance Sheet (Partial) At December 31, Current Year Total contributed capital Retained earnings $ 540 456,000 456,540 312,000 Treasury stock (15,000) Total stockholders' equity 753,540 Required 1 Required 2 > < Prev 8 of 10 Next > Required 1 Required 2 Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Note: Do not round your intermediate calculations. Round Dividend yield ratio to 2 decimal places. Dividend yield ratio % Number of shares < Required 1 Required 2>
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