The stockholders' equity section of the balance sheet of a company reveals the following information for the year ended December 31, 2016. No additional shares of preferred stock have been issued and no dividends were in arrears. Preferred Stock (6%. S20 par, cumulative, 5,000 shares authorized, 2,000 issued and outstanding) Common Stock ($5 par, 100,000 authorized, 80,000 issued, 75,000 outstanding) On December 31 of each of the fo owing years, the company declared the following cash dividends: 2016 S0 2017 S5,500 2018 $8,750 Determine the total amount of dividends that the common stockholders received during the years 2016-2018: SO $9.450 S6,350 $7,050 S8,750 QUESTION 7 A company's Dec 31, 2018 equity accounts are shown below: Preferred StocK (7%, S 100 par, cumulative, 8,000 authonzed) Common Stock ($10 par, 200,000 shares authorized) S 400,000 1,000,000 On April 1, 2018, 25,000 shares of common stock had been issued when the market price of the stock was $15. On August 31, 2018, 30,000 shares of common stock had been issued in exchange for some land when the stock was trading at S18 per share. No new shares ofpreserre stock were issued during the year. If the company reported net income of $200,000 in 2018, what are the earnings per share? (Round to the nearest cent. S2.33 S2.00 S2.71 $1.92 $1.72 QUESTION 8 A company reported the following amounts on its balance sheet at January 1, 2018 Common Stock, S10 par APIC-Common Retained Earnings 25,500 5,200 93,000 On Nov.5. 2018 the company declared and distributed a 4% stocK divdend on common stock when the stock was selling at $23 per share. On December 31, 2015, the company reported yearly net income to be S32,000. What is the Dec 31, 2018 balance in Retained Eamings and APIC Common after closing entries? RE: S122,654 APIC CS: S76,526 RE: S125,000 APIC CS: $75,200 RE: S125,000 APIC CS: S76,526 RE: S122,654 APIC CS: $75,200 RE: S123,980 APIC CS: S76,526