The right side of the balance sheet of the WBC Corp. shows the following:

Accounts payable P $100,000$ Additional information:

Loans payable $(18\%,5$ years$)280,000$ Annual dividend on preferred stock P$50$

Preferred stock, par P$500270,000$ Market price per share of common stock P $325$

Common stock, par P$200325,000$ Earnings per share of common stock P$81\mathrm{.}25$

Retained earnings $150,000$ Income tax rate $25\%$