You are planning to analyze Msc. Companys December 31 2013 statement of financial position. The following information is available:

1. Beginning and ending balances are identical for both receivables and inventory.
2. Net income is sh. 1,300,000
3. Times interest earned is 5 (income taxes are zero)
4. Company has 5% bonds outstanding issued at par
5. Net profit margin is 10%
6. Gross profit margin 30%
7. Inventory turnover is 5 times.
8. Average collection period is 72 days
9. Sales to end of year working capital is 4.
10. Current ratio is 1.5
11. Acid test ratio is 1.0 (excludes prepaid expenses)
12. Plant and equipment is sh. 6,000,000, net book value
13. Dividend paid on 8% non-participating preferred are sh. 40,000
14. There is no change in common shares.
15. The preferred shares were issued two years ago at par
16. Retained earnings at January 1, 2013 are sh. 350,000

Required

1. Given the information available, prepare the companys statement of financial position at December 31, 2013 (include the following account classifications: cash, inventory, prepaid expenses, plant and equipment (net), current liabilities and shareholders equity (20 marks)
2. Compute the amount of dividend paid on the common stock in year 2013 (5 marks)