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Sealy Corporation had the following information in its financial statements for the years ended 2017...

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Accounting

Sealy Corporation had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 $ 5,000 Net income for the year ended 2018 97,000 Market price of stock, 12/31/17 10 Market price of stock, 12/31/18 12 Common stockholders equity, 12/31/17 1,000,000 Common stockholders equity, 12/31/18 1,200,000 Outstanding shares, 12/31/18 100,000 Preferred dividends for the year ended 2018 15,000

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