Question
The Stockholder s Equity accounts of a corporation on January 1 , 2 0 2 2 , were as follows: Preferred Stock (
The Stockholders Equity accounts of a corporation on January were as follows:
Preferred Stock $ par, cumulative, shares authorized $
Common Stock $ par, shares authorized
Additional Paid in Capital Preferred
Additional Paid in Capital Common
Retained Earnings
During the corporation had the following transactions and events relating to its Stockholders Equity:
Jan. Purchased shares of its own common stock to add to the Treasury at a cost of $
Feb. Issued shares of common stock in exchange for a building. On the date of the exchange, the FMV of the building was $ and the stock was trading at $ per share.
Mar. Sold shares of treasury stock common for $ per share.
Nov. Issued shares of preferred stock for $
Dec. Determined that net income for the year was $ Dividends were declared and paid during December. These dividends included a $ per share dividend to common stockholders of record as of December There are no dividends in arrears.
What is total amount of dividends declared and paid in
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