21 ) Sealy Corporation had the following information in its financial statements for the years ended 2014 and 2015 :
Cash dividends for the year 2015 $ 5,000
Net income for the year ended 2015 87,000
Market price of stock , 12 / 31 / 14 10
Market price of stock , 12 / 31 / 15 12
Common stockholders ' equity , 12 / 31 / 14 1,000,000
Common stockholders ' equity , 12 / 31 / 15 1,200,000
Outstanding shares , 12 / 31 / 15 100,000
Preferred dividends for the year ended 2015 10,000