# Marigold Corporation has 117,000 common shares outstanding with a carrying value of \$22 pershare. Ma

Marigold Corporation has 117,000 common shares outstanding with a carrying value of \$22 pershare. Marigold declares a 3-for-1 stock split. How many shares are outstanding after the split? Number of shares outstandingshares What is the carrying value per share after the split? (Round answer to 2 decimal places, e.g.52.75.)\$Carrying value per share What is the total carrying value after the split?\$Total carrying value What journal entry is necessary to record the split? (Credit account titles are automaticallyindented when the amount is entered. Do not indent manually. If no entry is required,select “No Entry” for the account titles and enter 0 for the amounts.)Account Titles andExplanation Debit Credit SUBMITANSWER Monty Limitedâ€™s ledger shows the following balances on December 31, 2017:Preferred shares outstanding: 25,000 sharesCommon shares outstanding: 34,000 sharesRetained earnings \$ 525,0002,380,000870,200 Assuming that the directors decide to declare total dividends in the amount of \$435,100,determine how much each class of shares should receive if the preferred shares are cumulativeand fully participating. Note that one yearâ€™s dividends are in arrears on the preferred shares,which pay a dividend of \$1.47 per share. (Round answers to 0 decimal places, e.g. 5,275.)Preferred Common\$ Total\$ \$ Dividend Assuming that the directors decide to declare total dividends in the amount of \$435,100,determine how much each class of shares should receive if the preferred shares are nonâ€“cumulative and nonâ€“participating. Note that one yearâ€™s dividends are in arrears on the preferredshares, which pay a dividend of \$1.47 per share. (Round answers to 0 decimal places, e.g.5,275.)Preferred Common\$ Total\$ \$ Dividend Assuming that the directors decide to declare total dividends in the amount of \$435,100,determine how much each class of shares should receive if the preferred shares are nonâ€“cumulative and are participating in distributions in excess of a 9.00% dividend rate on thecommon shares. Note that one yearâ€™s dividends are in arrears on the preferred shares, which paya dividend of \$1.47 per share. (Round answers to 0 decimal places, e.g. 5,275.)PreferredDividend Common\$ Total\$ \$