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Shown below is information relating to the stockholders' equity of Novake Corporation at December 31,2021 : Answer the following questions based on the stockholders' equity
Shown below is information relating to the stockholders' equity of Novake Corporation at December 31,2021 : Answer the following questions based on the stockholders' equity section given above. 1. How many shares of preferred stock are issued and outstanding? (4 points) 2. What is the total amount of dividends paid annually to the preferred stockholders? (4 points) 3. What is the total amount of legal capital? (4 points) 4. What is the total amount of paid-in capital? (4 points) 5. What is the book value of each share of common stock? (Assume no dividends in arrears) (4 points) 6. The balance in retained earnings at the beginning of the current year was $575 , 000 , and there were no dividends in arrears. Net income for the current year was $360 , 000 . What is the amount of the dividends declared on each share of common stock during the current year? (10 points)
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