The records of Scorpio.com reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 49,500 shares outstanding. Preferred stock, 8 percent, par $18.50 per share, 7,810 shares outstanding. Retained earnings, $239,000. On January 1, 2022, the board of directors was considering the distribution of a $63,900 cash dividend. No dividends were paid during 2020 and 2021.

3M CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In millions) Accumulated Additional Other Total Common Paid-in Treasury Retained Comprehensive Stockholders' Stock Capital $ 4,295 Stock Equity $ 11,622 Earnings Income Balance, December 31, 2017 $ 9 $ (23,572) $ 38,699 (7,809) Net income 5,363 5,363 Stock issued 485 485 Stock-based compensation 302 302 Stock repurchased (4,870) (4,870) (3,193) (23) Cash dividends (3,193) Currency & pension adjustments (23) Other, net 162 162 Balance, December 31, 2018 $ 9 $ 5,082 $ (28,442) $ 40,869 $ (7,670) $ 9,848 Net income 4,582 4,582 Stock issued 547 547 Stock-based compensation 278 278 Stock repurchased (1,407) (1,407) Cash dividends (3,316) (3,316) Currency & pension adjustments (349) (349) Other, net (57) (57) Balance, December 31, 2019 $ 9 $ 5,907 $ (29,849) $ 42,135 $ (8,076) $ 10,126

Cullumber Holding's accounting records show the following balances on December 31, 2020. 12% Preferred stock-$100 par value, outstanding 19,000 shares Common stock-$1 par value, outstanding 45,000 shares Retained earnings Assuming that the directors decide to declare total dividends in the amount of $500,000, determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock. Preferred (a) The preferred stock is cumulative and fully participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to O decimal places, e.g. $38,487.) $ Preferred Common $1,900,000 (b) The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. $38,487.) $ 45,000 Common 1,550,000 (c) The preferred stock is noncumulative and is participating in distributions in excess of a 12% dividend rate on the common stock. (Round the rate of participation to 4…

Listed below are the transactions that affected the shareholders' equity of Branch - Rickie Corporation during the period 2024-2026. At December 31, 2023, the corporation's accounts included: ($ in thousands) Common stock, 108 million shares at $1 par $ 108,000 Paid - in capital-excess of par 648,000 Retained earnings 870,000 November 1, 2024, the board of directors declared a cash dividend of $0.90 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. On March 1, 2025, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch - Rickie was holding as an investment. The bonds had a fair value of $2.3 million, but were purchased two years previously for $2.0 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. On July 12, 2025, the…