P13-5A The Procter & Gamble Company reported the following stockholders' equity, as adapted, on its balance sheet at June 30, 19X9: Stockholders' Equity Preferred stock, 6.125%- Authorized 600,000,000 shares: issued 1,781.000 shares... Common stock-$1 stated value- Authorized 5,000,000,000 shares: issued 1,320,000,000. Additional paid-in capital, common.. Retained earnings.. Other Total. S Millions $ 1,781 1,320 1.337 10.778 (3,158) $12.058 Required 1. Identify the different issues of stock Procter & Gamble has outstanding. 2. Make two summary journal entries to record issuance of all the Procter & Gamble stock. Assume all the stock was issued for cash. Explanations are not required. 3. Assume preferred dividends are in arrears for fiscal year 19X9. Journalize the declaration of a $1,626 million dividend at June 30, 20X0. Use separate Dividends Payable accounts for Preferred and Common. Round to the nearest $1 million. An explanation is not required.