The shareholders equity of Core Technologies Company on June 30, 2012, included the following: Common stock, $1 par; authorized, 8 million shares

issued and outstanding, 4 million shares $ 4,000,000

Paid-in capitalexcess of par 16,000,000

Retained earnings 17,000,000

On April 1, 2013, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies common stock was $38 on April 1, 2013, and $48 on June 1, 2013.

Required: Complete the below table to calculate the stock dividend

number of outstanding shares =

stock dividend percentage=

number of shares to be issued=

value of stock dividend=

(2)

The shareholders equity of WBL Industries includes the items shown below. The board of directors of WBL declared cash dividends of $8 million, $17 million, and $170 million in its first three years of operation2013, 2014, and 2015, respectively.

	($ in millions)
Common stock	$	100
Paid-in capitalexcess of par, common		840
Preferred stock, 8%		200
Paid-in capitalexcess of par, preferred		560

Required:

Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

total cash dividend paid paid to preffered paid to common divident

in

arrears

2013 8 ? ? ?

2014 17 ? ? ?

2015 170 ? ? ?

total 195 ? ?