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The stockholders' equity section of the balance sheet of Bilt-Rite Corporation at December 31, 20__, appears as follows: Stockholders' equity 8% cumulative preferred stock, $100

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The stockholders' equity section of the balance sheet of Bilt-Rite Corporation at December 31, 20__, appears as follows: Stockholders' equity 8% cumulative preferred stock, $100 par, 500, 000 shares authorized, ?? shares issued ................... $1, 200, 000 Common stock, $10 par, 500, 000 shares authorized, 80, 000 shares issued, of which ?? are held in treasury........................ 800, 000 Additional paid-in capital: From issuance of preferred stock............................................. 144, 000 From issuance of common stock.............................................. 2, 635, 000 Total paid-in capital............................................................... $4, 779, 000 Retained earnings ($1 40, 000 equal to cost of treasury stock is not available for dividends.......................................... 1, 080, 000 $5, 859, 000 Less: Treasury stock (at cost: 4, 000 common shares)................. (140, 000) Total stockholders' equity......................................................... $5, 719, 000 Answer the following questions based on the stockholders' equity section given above. Each question is a separate situation, unless otherwise indicated. (a) What is the total dollar amount paid annually as dividends to preferred stockholders? $ ________ (b) What was the average issue price per share of preferred stock? $ _________per share (c) What was the average issue price per share of common stock? $ _________per share (d) How many shares of common stock are outstanding? __________ shares (e) What is the book value per share of the common stock? $ ____________per share (f) If all the treasury stock is reissued at a price of $40 per share, what amount will be credited to the account Additional Paid-In Capital: Treasury Stock Transactions? $ __________

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