Statement of retained earnings Hayes Enterprises began 2021 with a retained earnings balance of $928,000. During 2021, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47.000 in dividends. At year-end 2021, the firm's retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2021. a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2021.) b. Calculate the firm's 2021 earnings per share (EPS) c. How large a per-share cash dividend did the firm pay on common stock during 2021? (COE) a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note. Be sure to calculate and include the amount of cash dividends paid in 2021.) The cash dividends paid on common stock are $(Round to the nearest dollar.)
Statement of retained earnings Hayes Enterprises began 2021 with a retained earnings balance of $928,000. During 2021, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47.000 in dividends. At year-end 2021, the firm's retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2021. a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2021.) b. Calculate the firm's 2021 earnings per share (EPS) c. How large a per-share cash dividend did the firm pay on common stock during 2021? (COE) a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note. Be sure to calculate and include the amount of cash dividends paid in 2021.) The cash dividends paid on common stock are $(Round to the nearest dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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if you can answer all parts of the question please
Transcribed Image Text:Statement of retained earnings Hayes Enterprises began 2021 with a retained earnings balance of $928,000. During 2021, the firm
earned $377,000 after taxes. From this amount, preferred stockholders were paid $47.000 in dividends. At year-end 2021, the firm's
retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2021.
a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note: Be sure to calculate
and include the amount of cash dividends paid in 2021.)
b. Calculate the firm's 2021 earnings per share (EPS)
c. How large a per-share cash dividend did the firm pay on common stock during 2021?
(CRO)
a. Prepare a statement of retained earnings for the year ended December 31, 2021, for Hayes Enterprises. (Note. Be sure to calculate
and include the amount of cash dividends paid in 2021.)
The cash dividends paid on common stock are $(Round to the nearest dollar.)
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