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Use the following information to answer the next few problems... Monica Geller has 10,000 shares of $2 par value common stock outstanding with a market value of $15 and 6,000 shares of 8%, $10 par value of cumulative preferred shares outstanding with a market value of $20. During her first two years of operations she did not declare any dividends to common shareholders. In the third year of operations she declared $10,000 worth of dividends. In the fourth year she declared $15.000 worth of dividends. The number of shares of common stock outstanding has not changed over the last 4 years. 13. What is the amount of dividends PER SHARE that preferred shareholders are to receive? a. They don't receive any when dividends aren't declared b. $1.60 c. $0.80 d. $48 14. What is the amount of dividends the common shareholders will receive in year 3? a. So b. $5,000 c. $200 d. $4,800 15. What is the amount of dividends the common shareholders will receive in year 4? a. $10,200 b. $15,000 e. S5,800 d. 5800 16. How much dividends are in arrears for the preferred shareholders in year 3? a. $0 b. $4,800 c. $9,600 d. S4,400 17. Net income for Monica (from above) in year 4 is $150,000. What is the EPS? a. $13.58 b. $15 c. $14.52 d. $25

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