a portion of the stockholders’ equity section from the balance sheet of shady & Nook’s corporation, sir prints incorporated, appears as follows: stock holders equity:
preferred stock, 7% cumulative, $15 par, 35,000 shares authorized, issued, outstanding….$525,000 preferred stock, 4% noncumulative, $70 par, 50,000 shares
authorized, issued, outstanding…3,500,000 common stock, $4 par, 500,000 shares authorized, issued, outstanding……….2,000,000 total paid in
capital…….6,025,000 assume that all of the stock was issued and outstanding for the entire fiscal period and that no dividends were paid during the last 3 years of
operation. during the current year, sik prints incorporated paid total cash dividends of $1,2,87,000. 1) compute the amount of cash dividends paid during the current
year to each of the 3 classes of stock. 2) compute the dividends paid per share during the current year for each of the 3 classes of stock. 3) what was the average
issue price of each preferred stock?
