the year end balance sheet of Ft. Smith products

The year-end balance sheet of FL Smith Products includes the following stockholders' equity section (with certain details omitted) roblems eBook x Stockholders' equity: 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized Common stock, $2 par value, 900,000 shares authorized Additional paid in capital: common stock Retained earnings Total stockholders' equity Som/flow/connect.html Chapter 11 Pre-Built Problems x + 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 price per share of common stock? (Round your answers to 2 decimal places.) e. What is the amount of legal capital? f. What is the total amount of paid-in capital? 9. 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 retained 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.) $ 2,400,000 900,000 8,000,000 2.595,000 $13.895,000 Help Save &