Please answer this question within the next 15 minutes and do not take it if you cannot I really need it within the next 15 minutes! thank you!
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?