Zion Products Company reported the following stockholders’ equity on its balance sheet:Requirements1. What caused Zion’s preferred stock to decrease during 2015? Cite all possible causes.2. What caused Zion’s common stock to increase during 2015? Identify all possible causes.3. How many shares of Zion’s common stock were outstanding at December 31, 2015?4. Zion’s net income during 2015 was $1,350 million. How much were Zion’s dividends during the year?5. During 2015, Zion sold no treasury stock. What average price per share did Zion pay for the treasury stock that the company purchased during theyear?
Zion Products Company reported the following stockholders equity on its