What is the total paid-in capital of the company

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Reference no: EM131059495

The balance sheet of Ballcraft, Inc., reported the following:

Preferred stock, $6 par, 6% 5,000 shares authorized and issued                                   $30,000

Common stock, $4,000 par value, 45,000 shares authorized 10,000 shares issued   $40,000

Additional paid-in capital-common                                                                                        $219,000

Total paid-in capital                                                                                                                   $289,000

Retained earnings                                                                                                                      $90,000  

Total stockholders' equity                                                                                                        $379,000

Preferred dividends are in arrears for two years, including the current year. On the balance sheet date, the market value of the Ballcraft common stock was $31 per share.

1. Is the preferred stock cumulative or noncumulative? How can you tell?

2. What is the total paid-in capital of the company?

3. What was the total market value of the common stock? (Show all work)

4. Compute the book value per share of the common stock. (Show all work)

Reference no: EM131059495

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