The balance sheet of Ballcraft, Inc., reported the following

The balance sheet of Ballcraft, Inc., reported the following
P11-29A The balance sheet of Ballcraft, Inc., reported the following:

Preferrerd stock, $6 par,6% 5,000
shares authorized and issued $30,000
Common stock $4.00
par value, 45,000
shares authorized; 10,000
shares issued $40,000
Additional paid-in-capital-common 219,000
Total paid-in-capital $289,000
Retained earnings 90,000
Total stockholders’ equity $379,000

Preferred dividends are in arrears for two years, including the current year. On the balance sheet date, the market value of the Ballcraft common stock was $31 per share.

Requirements
1. Is the preferred stock cumulative or noncumulative ? How can you tell?
2. What is the total paid-in-capital of the company ?
3. What was the total market value of the common stock?
4. Compute the book value per share of the common stock?

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