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Number of common shares authorized Number of common shares issued 800,000 650,000 $20 Par value of common shares $30 $7,000,000 Par value of cumulative preferred shares Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock Total retained earnings before the stock dividend is declared No treasury share have been reissued. $0 $33,500,000 Preferred Dividends Common Dividends Total Cash Dividends Year Total Per Share Total Per Share Year 1 30,000 0.20 0 0.00 Year 2 30,000 54,000 51,000 0.36 0 54,000 96,000 0.00 Year 3 0.34 45,000 0.09 Year 4 120,000 45,000 0.3 0.15 Year 5 135,000 45,000 0.3 75,000 90,000 150,000 0.18 Year 6 195,000 45,000 0.3 0.3 Stock Dividend The company dedared a 2% common stock dividend on December 1, and would like you to compute the following pieces of missing Information. The market value the common shares is $26 on December 1, and is $30 on the actual distribution date of the stock, December 31, Fill in the missing information in the following table, using the Information given and your work on the other panels. All "before" items are before the stock dividen was declared. All "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total pald-in capital before the stock dividend 21,500,000 Total retained earnings before the stock dividend 33,500,000 Total stockholders' equity before the stock dividend 55,000,000 Total paid-in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend 23,200,000 X 33,260,000 X 58,500,000 x

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