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The stockholder's equity section of Stealem Corporation's balance sheet is presented below: Paid-in Capital $ 600.000 1,200,000 Preferred Stock, 10% non-cumulative, S100 par value 20,000
The stockholder's equity section of Stealem Corporation's balance sheet is presented below: Paid-in Capital $ 600.000 1,200,000 Preferred Stock, 10% non-cumulative, S100 par value 20,000 shares authorized, 6,000 shares issued and outstanding Common Stock, $10 par value, 500,000 shares authorized, shares issued and shares outstanding. Paid in Capital in Excess of Par, Preferred Stock Paid in Capital in Excess of Par, Common Stock Total Paid-in Capital Retained Earnings 500,000 100.000 S2,400,000 950.000 Total Paid-in Capital and Retained Earnings $ 3,350,000 (200,000) 1.ess: Treasury Stock (10,000 shares) TOTAL STOCKHOLDERS EQUITY $ 3.150.000 Instructions: Based on the above information, in the spaces below. provide the answer to the following: a. Number of common shares issued.... b. Amount paid for the treasury stock. c. Number of common shares outstanding. d. Total annual dividend (in S) on the preferred stock. c. Total cash received when common stock was issued. 5
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