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  3. the year-end balance sheet of jackson products, in

The year-end balance sheet of Jackson Products, Inc., includes the following stoc section (with certain...

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Accounting

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The year-end balance sheet of Jackson Products, Inc., includes the following stoc section (with certain details omitted): Stockholders' equity Capital stock: 7% cumulative preferred stock, $100 par value . . . . . . . . . . . . . . . . . . . . . Common stock, $5 par value, 5,000,000 shares $ 15,000,000 20,000.000 Additional paid-in capital: 44,000,000 4,450,000 Retained earnings Total stockholders' equity From this information, compute answers to the following questions: a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends to which preferred stockholders are entitled? c. What was the average issuance price per share of common stock? d. What is the amount of legal capital and the amount of total paid-in capital? e. What is the book value per share of common stock? f. Is it possible to determine the fair market value per share of common stock from the stock- holders' equity section above? Explain

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