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The stockholders' equity section of the balance sheet of Nautilus Corporation at December 31, 2015, appears as follows Stockholders' equity 8% cumulative preferred stock, $100
The stockholders' equity section of the balance sheet of Nautilus Corporation at December 31, 2015, appears as follows Stockholders' equity 8% cumulative preferred stock, $100 par. 50.000 shares authorized, ?? shares issued Common stock, $10 par, 500,000 shares authorized, 100,000 shares issued, of which?? are held in treasury Additional paid-in capital $1,400,000 1,000,000 344.000 From issuance of preferred stock From issuance of common stock 2.835.000 $5,579,000 Total paid-in capital Retained earnings ($160,000 equal to cost of treasury stock is1280.000 not available for dividends) $6,859.000 160,000 $6,699 000 Less: Treasury stock (at cost: 4,000 common shares) Total stockholders' equity 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? (c) What was the average issue price per share of common stock? (d) How many shares of common stock are outstanding? (e) What is the book value per share of the common stock? (f) If all the treasury stock is reissued at a price of $45 per share, what amount will be credited to the account Additional Paid-In Capital: Treasury Stock Transactions
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