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Required: From this information, compute answers to the following questions. a. How many...

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Accounting

Required:
From this information, compute answers to the following questions.
a. How many shares of preferred stock have been issued? 24000 share
b. What is the total amount of the annual dividends paid to preferred stockholders? (Round intermediate calculations to 2 decimal
places.)180,000
c. How many shares of common stock are outstanding? 450,000
d. What was the average issuance price per share of common stock? (Round your answers to 2 decimal places.)
e. What is the amount of legal capital?3,300,000
f. What is the total amount of paid-in capital?12,100,000
g. What is the book value per share of common stock? (There are no dividends in arrears.)(Round your answers to 2 decimal places.)
h. Assume that retained earnings at the beginning of the year amounted to $717,500 and that net income for the year was $3,970,000.
What was the dividend declared during the year on each share of common stock? (Hint: Net income increases retained earnings.
whereas dividends decrease retained earnings.)(Round your answers to 2 decimal places.)
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