The stockholders’ equity section of Bramble Corp.’s balance sheet at December 31 is presented here. BRAMBLE CORP.Balance Sheet (partial) Stockholders’ equity          Paid-in capital             Preferred stock, cumulative, 12,500 shares authorized, 7,500 shares issued and outstanding   $ 787,500         Common stock, no par, 735,000 shares authorized, 565,000 shares issued   2,260,000      Total paid-in capital   3,047,500      Retained earnings   1,158,000           Total paid-in capital and retained earnings   4,205,500      Less: Treasury stock (6,900 common shares)   36,800   Total stockholders’ equity   $4,168,700   From a review of the stockholders’ equity section, answer the following questions.(a) How many shares of common stock are outstanding? Common stock outstanding   enter a number of shares    shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock   $enter a common stock value per share in dollars    per share (c) What is the par value of the preferred stock? The par value of the preferred stock   $enter a preferred stock par value per share in dollars    per share (d) If the annual dividend on preferred stock is $47,250, what is the dividend rate on preferred stock? The dividend rate   enter a dividend rate on preferred stock in percentages    % (e) If dividends of $73,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance   $enter a Retained Earnings balance in dollars

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The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows.     Stockholders’ Equity             Paid-in capital             Preferred stock, ? par value, 6% cumulative,             100,000 shares authorized, 10,000 shares issued and outstanding $ 200,000         Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding   1,000,000         Paid-in capital in excess of par—Preferred   25,000         Paid-in capital in excess of stated value—Common   500,000         Total paid-in capital       $ 1,725,000   Retained earnings         420,000   Treasury stock, 1,000 shares         (13,000 ) Total stockholders’ equity       $ 2,132,000     Note: The market value per share of the common stock is $42, and the market value per share of the preferred stock is $26.   Required What is the par value per share of the preferred stock? What is the dividend per…

The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year: Preferred 1% Stock, $50 par (100,000 shares authorized, 83,900 shares issued)$4,195,000 Paid-In Capital in Excess of Par—Preferred Stock184,580 Common Stock, $3 par (5,000,000 shares authorized, 2,120,000 shares issued)6,360,000 Paid-In Capital in Excess of Par—Common Stock1,590,000 Retained Earnings31,692,000 During the year, the corporation completed a number of transactions affecting the stockholders’ equity. They are summarized as follows: Journalize the entries to record the transactions. Should equal 18 lines. Jan. 5 Issued 467,700 shares of common stock at $9, receiving cash. Feb. 10  Issued 10,700 shares of preferred 1% stock at $62. Mar. 19 Purchased 53,000 shares of treasury stock for $6 per share. May 16 Sold 20,000 shares of treasury stock for $8 per share. Aug. 25 Sold 5,200 shares of treasury stock for $5 per share. Dec. 6 Declared cash…