Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 80,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $40 par $2,240,000 Paid-In Capital from Sale of Treasury Stock 112,000 Paid-In Capital in Excess of Par—Common Stock 504,000 Retained Earnings 1,254,000 Treasury Stock 77,000 Balance Sheet see attached balance sheet
Reporting
Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the
Common Stock, $40 par $2,240,000
Paid-In Capital from Sale of
Paid-In Capital in Excess of Par—Common Stock 504,000
Retained Earnings 1,254,000
Treasury Stock 77,000
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Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $76,000; third year, $80,000; fourth year, $120,000.
Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00".
| 1st Year | 2nd Year | 3rd Year | 4th Year | |
| Common stock (dividends per share) |
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