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Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year 6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock common stock and cumulative preferred stock. You've been able to retrieve the following information so far. Number of common shares authorized 800,000 650,000 Number of common shares issued Par value of common shares $20 Par value of cumulative preferred shares $30 Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock $7,000,000 SO $33,500,000 Total retained earnings before the stock dividend is declared Total Cash Dividends 20,000 Common Dividends Total Per Share Year Preferred Dividends Total Per Share 20,000 0.20 36,000 0.36 Year 1 0 0.00 Year 2 36,000 0 0.00 Year 3 88,000 34,000 0.34 54,000 0.09 Year 4 120,000 30,000 0.30 0.15 90,000 108,000 Year 5 30,000 0.18 138,000 210,000 0.30 0.30 Year 6 30,000 180,000 0.30

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