The stockholders' equity section of the balance sheet of Powell Corporation (with certain details omitted) appears below: Answer the following questions based on the stockholders' equity section given above: 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? The balance in retained earnings at the beginning of the current year was $1,351,500, and there were no dividends in arrears. Net income for the current year was $700,000. What is the amount of the dividends declared on each share of common stock during the current year