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# Accounting II. Need help. /> Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-09-22 at 10.36.31 PM.png Pranks, Inc. Number of common shares authorized 900,000 Number of common shares issued 500,000 Par value of common shares \$20 Par value of cumulative preferred shares \$30 Paid-in GEM in excess of par—common stock \$7,000,000 Paid-in capital in excess of par-preferred stock \$0 Total retained earnings before the stock dividend is declared \$33,500,000 Total Cash Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share 2011 40,000 40,000 0.20 0 0.00 2012 72,000 72,000 0.36 0 0.00 2013 113,000 68,000 0.34 45,000 0.09 2014 135,000 60,000 0.30 75,000 0.15 2015 150,000 60,000 0.30 90,000 0.18 2016 210,000 60,000 0.30 150,000 0.30 Stock Dividend The company declared a 2% common stock dividend on December 1, and would like you to calculate the following pieces of missing information. The market value of the common shares is \$24.00 on December 1 , and is \$30.00 on the actual distribution date of the stock, December 31. Fill in the missing information below, using the information given and your work on the other panels. All “before&quot; Items are before the stock dividend was declared. All “after&quot; items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total paid-in capital before the stock dividend \$ Total retained earnings before the stock dividend Total stockholders’ eqﬁty before the stock dividend \$ Total paid-in capital after the stock dividend \$ Total retained earnings after the stock dividend Total stockholders’ equity after the stock dividend \$ ATTACHMENT PREVIEW Download attachment Screen Shot 2019-09-22 at 10.39.21 PM.png How many shares of common stock are outstanding? 500,000 How many shares of preferred stock are outstanding? What is the preferred dividend as a percent of par? %

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