Bradford Parts Reported the Following Information at December 31,2017 Answer the Following Questions for Bradford Parts by Placing the

Essay

Bradford Parts reported the following information at December 31,2017: $\begin{array}{lr}\text { Preferred stock, } 12 \%, \$ 1 \text { par, } 50,000 \text { shares authorized, issued, and outstanding; }\\\text { cumulative; non-particip ating, call able at par value } & \$ 50,000 \\\text { Common stock } \$ 2 \text { par, } 30,000 \text { shares authorized } & 40,000 \\\text { Additional paid-in capital-common } & 50,000 \\\text { Retained earnings } & 30,000 \\\text { Total contributed capital and retained earnings } & \$ 170,000 \\\text { Less: Treasury stock (500 common shares at cost) } & \underline{(5,000)} \\\text { Total stockholders' equity } & \underline{\$ 165,000}\end{array}$

Answer the following questions for Bradford Parts by placing the correct response in the space provided.
$\underline{\quad\quad}$ A) How many shares of common stock are issued?
$\underline{\quad\quad}$ B) How many shares of preferred stock are issued?
$\underline{\quad\quad}$ C) How many common shares are outstanding?
$\underline{\quad\quad}$ D) How many preferred shares are outstanding?
$\underline{\quad\quad}$ E) How many of the common shares will receive dividends if and when they are paid?

$\underline{\quad\quad}$ F) How many of the preferred shares will receive dividends if and when they are paid?