Statement of retained earnings Hayes Enterprises began 2021 with a retained earnings balance of $923,000. During 2021, the firm earned $379,000 after taxes. From this amount, preferred stockholders were paid $45,900 in dividends. At year-end 2021, the firm's retained earnings totaled $1,044,000. The firm had 143,000 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? 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 $923,000. During 2021, the firm earned $379,000 after taxes. From this amount, preferred stockholders were paid $45,900 in dividends. At year-end 2021, the firm's retained earnings totaled $1,044,000. The firm had 143,000 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? 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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Transcribed Image Text:Statement of retained earnings Hayes Enterprises began 2021 with a retained earnings balance of $923,000.
During 2021, the firm earned $379,000 after taxes. From this amount, preferred stockholders were paid $45,900 in
dividends. At year-end 2021, the firm's retained earnings totaled $1,044,000. The firm had 143,000 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?
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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