- What's the total amount of the annual dividends paid to the preferred stockholders?

- What's the total dollar amount of legal capital?

- What was the average issuance price per share of the preferred stock?

- If retained earnings during Jan 1 amounted to $717,500, and the net income for the year was $3,970,000. What's the dividend declared during the year on each share of common stock? There isn't any treasury stock transactions during the following year.

Stockholders' Equity at December 31: 8% cumulative preferred stock, $100 par value, 100,000 shares authorized, ??? issued $ 2,400,000 Common stock, $2 par value, 900,000 shares authorized, ??? issued and outstanding 900,000 Additional Paid-in Capital: Issuance of Common Stock 8,325,000 Additional Paid-in Capital: Stock Dividends 720,000 Total ??? $12,345,000 Retained Earnings 2,595,000 Total ??? $14,940,000