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The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders' Equity Paid-in capital Preferred stock,?
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,000 shares authorized, 46,000 shares issued and outstanding $460,000 Common stock, $20 stated value, 210,000 shares authorized, 46,000?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common 920,000 36,000 161,000 Total paid-in capital 1,577,000 310,000 Retained earnings Treasury stock, 6,000 shares (30,000) $1,857,000 Total stockholders' equity Note: The market value per share of the common stock is $38, and the market value per share of the preferred stock is $18. Required a. What is the par value per share of the preferred stock? b. What is the dividend per share on the preferred stock? c. What is the number of common stock shares outstanding? d. What was the average issue price per share (price for which the stock was issued) of the common stock? f. If Mann Equipment Companv declared a 2-for-1 stock split on the common stock, how manv shares will be outstanding after the
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