Book Value Per Share and Other Computations
Shown Below Is

Book value per share and other computations
Shown below is information relating to the stockholders' equity of Silver Waste Management at December 31, 2009:
$$\begin{array} { | l | l | } \hline 8 \% \text { preferred stock, } \$ 150 \text { par, } 10,000 \text { shares } & \\\hline \text { authorized and } 6,000 \text { issued } & \$ 900,000 \\\hline \text { Common stock, } \$ 6.50 \text { par, } 500,000 \text { shares authorized } & \\400,000 \text { shares issued and outstanding } & \$ 2,600,00 \\& 0 \\\hline \text { Additional paid-in capital: preferred stock } & \$ 132,000 \\\hline \text { Additional paid in capital: common stock } & \$ 2,970,00 \\\hline \text { Retained earnings } & 0 \\\hline \text { (Assume there are no dividends in arrears) } & \$ 1,551,00 \\\hline\end{array}$$
(a) White's total legal capital at December 31, 2009, is $_______________.
(b) The total amount of Silver's paid-in capital at December 31, 2009, is $________________.
(c) The average issue price per share of Silver's preferred stock was $_______.
(d) The book value per share of common stock is $_________ per share.
(e) The balance in Retained Earnings at the beginning of the year was $1,237,500, and net income for 2009 was $1,600,000. What was the amount of dividend declared on each share of common stock during 2007? $______ per share.

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(a) $900,000 + $2,600,000 = $3,500,000 t...

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