please help me answer the following tor the Year Ended December 31, 2019Retained earnings balance (January 1, 2019)Plus: Net profits after taxes (for 2019)Less: Cash dividends (paid during 2019)Preferred stockCommon stockRetained earnings (December 31, 2019)b. Calculate the firm's 2019 earnings per share (EPS).The firm's 2019 earnings per share are S(Round to the nearest cent.)c. How large a per-share cash dividend did the firm pay on common stock during 2019?The cash dividend paid on common stock during 2019 was S(Round to the nearest cent.) Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $937,000. During 2019, the firm earned $376,000 after taxes. From this amount, preferred stockholders were paid S46,900 individends. At year-end 2019, the firm's retained earnings totaled $1,047,000. The firm had 135,000 shares of common stock outstanding during 2019.a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.)b. Calculate the firm's 2019 earnings per share (EPS).c. How large a per-share cash dividend did the firm pay on common stock during 2019?a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.)The cash dividends paid on common stock are $. (Round to the nearest dollar.)Complete the statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises below: (Round to the nearest dollar.)Hayes EnterprisesStatement of Retained Earningsfor the Year Ended December 31, 2019Retained earnings balance (January 1, 2019)$Plus: Net profits after taxes (for 2019)Less: Cash dividends (paid during 2019)Preferred stockCommon stock

Solution Concept Closing balance of retained earnings =opening balance + net income – dividend paid…

Retained earnings balance (January 1, 2019) Plus: Net profits after taxes (for 2019) Less: Cash dividends (paid during 2019) Preferred stock Common stock Retained earnings (December 31, 2019) b. Calculate the firm's 2019 earnings per share (EPS). The firm's 2019 earnings per share are S (Round to the nearest cent.) c. How large a per-share cash dividend did the firm pay on common stock during 2019? The cash dividend paid on common stock during 2019 was s| (Round to the nearest cent.) %24

Retained earnings balance (January 1, 2019) Plus: Net profits after taxes (for 2019) Less: Cash dividends (paid during 2019) Preferred stock Common stock Retained earnings (December 31, 2019) b. Calculate the firm's 2019 earnings per share (EPS). The firm's 2019 earnings per share are S (Round to the nearest cent.) c. How large a per-share cash dividend did the firm pay on common stock during 2019? The cash dividend paid on common stock during 2019 was s| (Round to the nearest cent.) %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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