Sunshine Corporation had a retained earnings balance of $850,000 at the beginning of 2019.By the end of 2019,the company's retained earnings balance stood at $950,000.During 2019,the company earned $245,000 as net profits after paying its taxes.The company was then able to pay its preferred stockholders a sum of $45,000.Compute the common stock dividend per share in 2019 assuming 10,000 shares of common stock outstanding.

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The Answer of Sunshine Corporation had a retained earnings balance of $850,000 at the beginning of 2019.By the end of 2019,the company's retained earnings balance stood at $950,000.During 2019,the company earned $245,000 as net profits after paying its taxes.The company was then able to pay its preferred stockholders a sum of $45,000.Compute the common stock dividend per share in 2019 assuming 10,000 shares of common stock outstanding.

Sunshine Corporation Had a Retained Earnings Balance of $850,000 at the Beginning