Theta Products Company reported the following stockholders equity on its balance sheet:Requirements1. What caused Theta s preferred stock to decrease during 2011? Cite all possible causes.2. What caused Thetas common stock to increase during 2011? Identify all possible causes.3. How many shares of Thetas common stock were outstanding at December 31, 2011?4. Thetas net income during 2011 was $1,380 million. How much were Thetas dividends during the year?5. During 2011, Theta sold no treasury stock. What average price per share did Theta pay for the treasury stock the company purchased during theyear?
Theta Products Company reported the following stockholders equit