The stockholders equity section of the balance sheet for

Gator
The stockholders equity section of the balance sheet for Gator

The stockholders' equity section of the balance sheet for Gator Company at December 31,
2014, is as follows:
Stockholders' Equity
Paid-in capital
Preferred stock? par value, 6% cumulative,
250,000 shares authorized, 55,000 shares issued and outstanding $ 550,000. Common stock,
$20 stated value, 300,000 shares authorized, 55,000 shares issued and? outstanding 1,100,000
Paid-in capital in excess of par - Preferred 45,000
Paid-in capital in excess of stated value - Common 165,000
Total paid-in capital 1,860,000
Retained earnings 400,000
Treasury stock, 8,000 shares (40,000)
Total stockholders' equity $ 2,220,000
The market value per share of the common stock is $40, and the market value per share of the
preferred stock is $27?
Required
a. What is the par value per share of the preferred stock?
b. What is the dividend per share on the preferred stock? (Round your answer to 2 decimal
places.)
c. What is the number of common stock shares outstanding?
d. What was the average issue price per share (price for which the stock was issued) of the
common stock? (Round your answer to 2 decimal places.)
f. If Gator declared a 2-for-1 stock split on the common stock, how many shares would be
outstanding after the split? What amount would be transferred from the Retained Earnings
account because of the stock split? Theoretically, what would be the market price of the
common stock immediately after the stock split?

The stockholders equity section of the balance sheet for Gator

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