350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000...

350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's Equity 160,000 510,000 289.000 799.000 300.000 1,099,000 (15.000) 1.084.000

1. How many shares of common stock are outstanding? 2. Assuming there is a stated value, what is the stated value of the common stock? 3. What is the par value of the preferred stock? 4. If the annual dividend on the preferred stock is 531,500, what is the dividend rate on the preferred stock? 5. When the preferred stock was issued, what was the market price? E earch & 8 R. M V B. N.