The stockholders' equity section of the balance sheet for Mann Equipment Co, at December 31, Year 2, is as follows $440,000 Stockholders' Equity Paid-in capital Preferred stock, 7 par value cumulative, 140,000 shares authorized, 44,000 shares issued and outstanding Common stock, $20 stated valoe, 190,000 shares authorized, 44,000 shares ssued and ?? shares outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 5,000 shares Total stockholders' equity 880,000 34,000 66,080 $1,420,000 290, eee (29,000) $1,681,000 Note: The market value per share of the common stock is $36, and the market value per share of the preferred stock is $16. 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. IfMann Equipment Company declared a 2.fort stock split on the common stock, how many shares would be outstanding after the spit? What amount would be transferred from the Retained Earnings account because of the stock split? Theoretically, what would be the market price of the common stock immediately after the stock split? Complete this question by entering your answers in the tabs below. Reg A to D ReqF a. What is the par value per share of the preferred stock? b.What is the dividend per share on the preferred stock? (Round your answer to 2 decimal places.) 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? (Round your answer to nearest whole dollar.) Show less per share per share a. Par value b. Dividend c. Common stock d. Average issue price shares per share Complete this question by entering your answers in the tabs below. Reg A to D ReqF IF Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split? What amount would be transferred from the Retained Earnings account because of the stock spilt? Theoretically, what would be the market price of the common stock immediately after the stock split? Answer Shares outstanding after the split Amount transferred from retained earnings Market price of common stock after split shares per share Nowell Inc. had the following stock issued and outstanding at January 1. Year 2: 1. 150,000 shares of no-par common stock. 2. 30,000 shares of $50 par, 4 percent, cumulative preferred stock. (Dividends are in arrears for one year, Year 1) On March 8, Year 2, Nowell declared a $175,000 cash dividend to be paid March 31 to shareholders of record on March 20. Required What amount of dividends will be paid to the preferred shareholders versus the common shareholders? Distributed to Shareholders Preferred Common Total dividend declared Preferred arrearage Current preferred dividend Available for common Distributed to common Total
