The Stockholders Equity section of Ludwig Corp is presented here.

Ludwig Corp

Balance Sheet (partial)

($ in thousands)

Stockholders equity:

Preferred Stock, $50 par value $ -0-

Common Stock, $5 par value 20,000

Additional paid-in capital 100,000

Total Paid-in Capital 120,000

Retained Earnings 53,000

Treasury Stock (3,700)

Total Stockholders equity $169,300

Required:

Based on the stockholders equity section of Ludwig Corp, answer the following questions. Remember that all amounts are presented in thousands.

How many shares of preferred stock have been issued?

How many shares of common stock have been issued?

Total paid-in capital is $120 million.At what average price per share were the common shares issued?

If retained earnings at the beginning of the period was $45 million and net income during the year was $9,907,500, how much was paid in dividends for the year?

If the treasury stock was reacquired at $20 per share, how many shares were reacquired?

How much was the dividend per share?

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