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  3. 14. red company has stock outstanding as follows:

14. Red Company has stock outstanding as follows: 16,000 shares of $4 cumulative preferred stock...

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14. Red Company has stock outstanding as follows: 16,000 shares of $4 cumulative preferred stock of $100 par, and 20,000 shares of $20 par common. During its first three years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $48,000; third $176,000. What is the dividend per share amount that the common shareholders received in Year 3? 15. A company had a 3-for-1 stock split on its 12,000 outstanding shares of $12 par common stock How many shares were outstanding after the stock split? 16. The following are facts about the activities of Shoemaker Company, a new company. a b. Reacquired 21,000 shares of its own stock for a total of $483,000. Sold 6,300 shares of treasury stock for $28 per share. Sold 2,900 shares of treasury stock for a total of $58,000. C. What is the credit balance in Paid-in Capital from Sale of Treasury Stock after part (c)? $

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