The year-end balance sheet of Jackson Products, Inc.,
includes the following stockholders’ equity section (with certain details
omitted):

Stockholders’ equity:

Capital stock:

7% cumulative preferred stock, $100 per value $15,000,000

Common stock, $5 per value, 5,000,000 shares

authorized, 4,000,000 shares issued and outstanding
$20,000,000

Additional paid-in capital:

Common stock 44,000,000

Retained earnings 64,450,000

Total stockholders’ equity $143,450,000

From this information, computer answers to the following
questions:

a. How many shares of preferred stock have been issued?

b. What is the total amount of the annual dividends to which
preferred stockholders are entitled?

c. What was the average issuance price per share of common
stock?

d. What is the amount of legal capital and the amount of
total paid-in capital?

e. What is the book value per share of common stock?

f. Is is possible to determine the fair market value per
share of common stock from the stock-holders’ equity section above? Explain.