Kilgore Auto Parts reported the following information at December 31, 2004: Preferred stock, 10%, $50 par, cumulative; $ 50,000 Common stock, $1 par, 40,000 Additional paid-in capital-Common 50,000 Retained earnings 30,000 Total contributed capital and retained earnings $170,000 Less: Treasury stock (100 common shares at cost) (5,000) Total stockholders' equity $165,000.
1. How many shares of common stock are issued?
2. How many shares of preferred stock are issued?
3. How many common shares are outstanding?
4. What is the dividend per share that preferred shareholders' are entitled to when a dividend is declared?
5. What was the average price of the common shares when they were issued?
6. If a 40% stock dividend was issued, by how much would total stockholders' equity change?