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The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31,...

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Accounting

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The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows: $705,000 Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 170,000 shares authorized, 47,000 shares issued and outstanding Common stock, $12 stated value, 220,000 shares authorized, 47,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value- Common 564,000 37,000 141,000 Total paid-in capital Retained earnings 1,447,000 320,000 Total stockholders' equity $1,767,000 Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19. Required Saved Pald-in capital in excess or par-Preterrea Pald-in capital in excess of stated value- Common 37,000 141,000 Total paid-in capital Retained earnings 1,447,000 320,000 Total stockholders' equity $1767,000 Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19. Required a. What is the par value per share of the preferred stock? Par value per share What is the dividend per share on the preferred stock? (Round your answer to 2 *decimal places.) Dividend per share

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