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Pranks, Inc. is a manufecturer of foke and noveity products for perpetrators of practicat jokes. The corporation has paid several casin didends throughout Year 6 , the current year. It is also declaring a stock dividend to its stockholders as the calendar yeariend approaches. Youve been brought in as a consultant to atsit with this process, and also to help determine whether some missing information can be determined before the detribution of the stock dividend is made. The company has two classes of stock: commen stock and cumulative preferred stock. The accounting manager for the company prepared the schedule of cash dividends paid from Year 1 to Year 6 on the Pranks, Inc panel. However, one of the reasons for Pranks, Incis mitsing information is that the manager is away on vacation and is unreachable by phone, because he is backpacking an a remote island that does not have cell phone reception. Management would like you to determine some information from the data youve collected regarding its dutatanding stock. rill in the following answers. How many shares of common stock are outstanding? How many shares of preferred stock are outstanding? What is the preferred dividend as a percent of par? The company declared a 2% common stock dividend on December 1 , and would like you to compute the following pieces of missing information. The market value of the common shares is $25 on December 1 , and is $30 on the actual distribution date of the stock, December 31. nai in the missing information in the following table, using the information given and your work on the other paneis. All "before" items are befare the stock dividend was deciared, AU "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year

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