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Use the following to answer questions 18-22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par
Use the following to answer questions 18-22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value Common stock, $0.01 par value Additional Paid in capital Total paid in capital Retained earnings Treasury stock Total stockholders' equity 18. 19. 22 20. S $1,000,000 7,500 15.950.000 16,957,500 850,000 (300,000) $17,507,500 shares. How many shares of preferred stock have been issued? shares. How many shares of common stock have been issued? per share. If the preferred shares were issued at an average price of $102.00 per share. At what price per share were the common shares issued? 21. S 22 22. If retained earnings at the beginning of the period was $825,000 and Net income was $475,000, what were the declared dividends for the year? shares. If the treasury stock was repurchased at $30.00 per share, how many shares were purchased?
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