1. Company has 250 shares of $160 par value, 12% cumulative preferred stock and 30,000 shares of $35 par value common stock outstanding. The following dividends were paid: Year 1: $ 2,500 Year 2: $20,000 What was the cash dividend paid to common shareholders in the second year? a. $7,100 b. 20,000 c. $0 d. $12,900 2. The stockholders' equity section of Home Place displayed the following balances: Common Stock - $20 par value, 32,000 shares issued and outstanding $640,000 Paid-in Capital in excess of par value, common stock $5,140,000 Retained Earnings $4,140,000 The company declared a 5% stock dividend on a day when the stock's market value was $610 per share. The journal entry on this day will include: Select one: a. A debit to Retained Earnings for $32,000 b. A credit to Paid-in capital in excess of par value for $976,000 c. A credit to Stock Dividends Distributable for $32,000 d. A credit to Stock Dividends Distributable for $976,000 Still industry leases equipment on January 1, 2016. The finance lease has an 11-year term, and an implicit rate of 6%. The equipment has a list price of $300,000 and the lease agreement requires a $20,000 down payment when the lease is signed plus 10 annual payments of $36,261.28 on December 31 of each year of the lease. After still Industries makes its payment on December 31, 2018, what is its remaining lease obligation (carrying value) for the equipment a. 171,216 b. 266,886 c. 225,175 d. 202,424