6-14) Capital Venture, Inc. began operations in January 2011 by issuing common stock for $6 per share.

8.6-14) Capital Venture, Inc. began operations in January 2011 by issuing common

stock for $6 per share. Net income for 2011 was $100,000 and total dividends were

$11,500

preferred stock, 6% cumulative, $50 par value, 1,000 shares authorized and issued.

How would I figure out the amount for this?