The year end balance sheet of Ft Smith Products includes the following stockholders' equily section with certain detalls omitted) Stockholders' equity 71/2x cumulative preferred stock, $10 per valve, 100,00 Shares authorited $ 2,7ee, eee Comeon stock, 12 par value, 9ee,eee shares authorized See, eee Additional pald-in capital: common stock 7,200.ece Retained earnings 2.595, eee Total stockholders' equity $13,395, Required: From this information, compute answers to the following questions a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends paid to preferred stockholders? (Round intermediate calculations to 2 decimal places.) c. How many shares of common stock are outstanding? d. What was the average issuance ptice per share of common stock? (Round your answers to 2 decimal places.) e. What is the amount of legal capital? 1. What is the total amount of paldin capital? g. What is the book value per share of common stock? (There are no dividends in artears.) (Round your answers to 2 decimal places.) h. Assume that retained earnings at the beginning of the year amounted lo $717,500 and that nel income for the year was $3.970,000 What was the dividend declared during the year on each share of common stock? (Hint: Net income increases tetained earnings whereas dividends decrease retained earnings.) (Rotind your answers to 2 decimal places.) a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends paid to preferred stockholders? (Round intermediate calculations to 2 decimal places.) c. How many shares of common stock are outstanding d. What was the average issuance price per share of common stock? (Round your answers to 2 decimal places.) e. What is the amount of legal capital? 1. What is the total amount of paid in capital? g. What is the book value per share of common stock? (There are no dividends in arrears) (Round your answers to 2 decimal places.) h. Assume that refained earnings at the beginning of the year amounted to $717,500 and that net income for the year was $3.970,000 What was the dividend declared during the year on each share of common stock? (Hint: Net income increases retained earnings whereas dividends decrease retained earnings.) (Round your answers to 2 decimal places.) shares D shares per share Number of issued shares of protected stock Annual rotorred stock dividend Number of outstanding shares of common stock Average ounce price of common stock Legal capital Paid in capite Book value per share of common stock Common stick dividend per state 0 1 0 n por share por share
