The year-end balance sheet of FL. Smith Prodocts includes the following sockholders' equity section (with certain details omitted). Instructions From this information, consude answen io the following questions. 4. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends paid to preferred stockholdens? Chapter 11 Stockholders' Equity: Paid-In Capital c. How many shares of common stock are outstanding? d. What was the average issuance price per share of common stock? e. What is the amount of legal capital? f. 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.) h. Assume that retained earnings at the beginning of the year amounted to $717,500 and that nie 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.)