Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout 2016, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock You've been able to retrieve the following information so far Number of common shares authorized 800,000 Number of common shares issued 650,000 Par value of common shares $20 Par value of cumulative preferred shares $30 Paid in capital in excess of par-common stock $7,000,000 Paid-in capital in excess of par preferred stock 50 $33,500,000 Total retained earnings before the stock dividend is declared No treasury shares have been reissued. Total Cash Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share $40,000 $40,000 $0.20 $0.00 72.000 72,000 0.36 0.00 113,000 68.000 0:34 0.09 20Y1 2012 2013 50 0 45,000 ve been able to retrieve the following information so far: Number of common shares authorized Number of common shares issued Par value of common shares Par value of cumulative preferred shares Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock Total retained earnings before the stock dividend is declared No treasury shares have been reissued. Total Cash Preferred Dividends Year Dividends Total Per Share $40,000 $40,000 $0.20 72,000 72,000 0.36 113,000 68,000 0.34 135,000 60,000 0.30 150,000 60,000 0.30 20Y1 20Y2 20Y3 20Y4 20Y5 20Y6 210,000 60,000 0.30 800,000 650,000 $20 $30 $7,000,000 SO $33,500,000 Common Dividends Total Per Share $0.00 0.00 0.09 0.15 0.18 $0 0 45,000 75,000 90,000 150,000 0.30 The company declared a 3% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $25.00 on December 1, and is $32.00 on the actual distribution date of the stock, December 31. Fill in the missing information in the following table, using the information given and your work on the other panels. All before items are before the stock dividend was declared. All "after" 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 $23,000,000 33,500,000 Total retained earnings before the stock dividend Total stockholders equity before the stock dividend $56,500,000 s Total paid-in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders equity after the stock dividend S 24,637,500 X