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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 value
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, $0.05 par value Additional Paid in capital Total paid in capital Retained earnings Treasury stock Total stockholders' equity $500,000 25,000 7,107,500 7,632,500 1,225,000 (275,000) $8,582,500 18. shares. How many shares of preferred stock have been issued 19. shares. How many shares of common stock have been issued? 20. $ _ per share. If the preferred shares were issued at an average price of $101.50 per share. At what price per share were the common shares issued? 21. $. If retained earnings at the beginning of the period was $950,000 and Net Income was $485,200, what were the declared dividends for the year? shares. If the treasury stock was reacquired at $25.00 per share, how many shares were reacquired
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