Issued 3400 shares of 7 par value preferred stock in

Reference no: EM13600339

For the following transactions.
a. Sold 2,700 shares of $11 par value preferred stock at $12.50 per share.

b. Declared the annual cash dividend of $3.8 per share on common stock. There were 8,700 shares of common stock issued and outstanding throughout the year.

c. Issued 3,400 shares of $7 par value preferred stock in exchange for a building when the market price of preferred stock was $15 per share.

d. Purchased 210 shares of preferred stock for the treasury at a price of $11.00 per share.

e. Sold 140 shares of the preferred stock held in treasury (see d) for $20 per share.

f. Declared and issued a 16% stock dividend on the $1 par value common stock when the market price per share was $48.

What will be the common stock and additional paid in capital?

Reference no: EM13600339

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