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  3. a portion of the stockholders equity section from

A portion of the stockholders equity section from the balance sheet of Walland Corporation appears...

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Accounting

A portion of the stockholders equity section from the balance sheet of Walland Corporation appears as follows: Stockholders equity: Preferred stock, 9% cumulative, $50 par, 40,000 shares authorized, issued, and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 Preferred stock, 12% noncumulative, $100 par, 8,000 shares authorized, issued, and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000 Common stock, $5 par, 400,000 shares authorized, issued, and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000 Total paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,800,000 ssume that all the stock was issued on January 1 and that no dividends were paid during the first two years of operation. During the third year, Walland Corporation paid total cash dividends of $736,000. . Compute the amount of cash dividends paid during the third year to each of the three classes of stock. . Compute the dividends paid er share during the third year for each of the three classes of stock. . What was the average issue price of each type of preferred stock?

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