Entête de question
Laurelli Builders (LB) reported the financial data shown in Exhibit 1 for year-end
31 December:
| Common shares outstanding, 1 January | 2,020,000 |
| Common shares issued as stock dividend, 1 June | 380,000 |
| Warrants outstanding, 1 January | 500,000 |
| Net income | USD3,350,000 |
| Preferred stock dividends paid | USD430,000 |
| Common stock dividends paid | USD240,000 |