when haven corporation was incorporated in 2009 authorization was obtained to issue 200000 shares of
when haven corporation was incorporated in 2009 authorization was obtained to issue 200000 shares of 5 par value common stock and 6000 shares of 8% cumulative preferred stock. the preferred stock has a par vaulue of 100 dollars all the preferred stock was issued at 107 dollars per share and 110000 shares of common stock were sold for 9 dollars per shar the operations of the comapny resulted in the net loss of 19000 in 2009 and net income of 125000 in 2010 in 2011 net income was 352000 and the csh position was sufficient to allow the board of directiors to declare a cash divident of 1 dollar per share to the common shareholders as well as to satisfy all preferred stock dividend requirements. Complete in good form the stcokholders equity secotion of haven corporation balance shee at dec 31 2011
