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The stockholders equity section of the balance sheet of Kristopher Corporation appears below: Stockholders' Equity: Preferred stock, 8%, cumulative, $100 par value 5,000 shares authorized,

The stockholders equity section of the balance sheet of Kristopher Corporation appears below:

Stockholders' Equity:

Preferred stock, 8%, cumulative, $100 par value

5,000 shares authorized, 3,000 shares issued

and outstanding

$300,000

Common stock, $5 par value, 50,000 shares

authorized, 20,000 shares issued and 15,000

shares outstanding

100,000

Additional paid in capital, preferred stock

250,000

Additional paid in capital, common stock

400,000

Total contributed capital

1,050,000

Retained earnings

600,000

1,650,000

Treasury stock

(115,000)

Total stockholders' equity

$1,535,000

Required (15 points):

What is the total amount of legal capital?

What is the total amount of dividends paid annually to the preferred stockholders?

What is the average issue price of a share of common stock?

How many shares of treasury stock have been purchased?

The balance in retained earnings at the beginning of the current year had been $458,000.Net income for the current year was $188,000.How much in total dividends was declared during the year?

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