1. Complete each of the following statements with one of the terms listed here. Board of directors Corporation Charter Legal capital Common stock Limited liability Liquidation Par value Preemption Preferred stock Retained earnings Stockholders' equity The right to maintain one's proportionate ownership in the corporation is the right of (1) b. The right to receive a proportionate share of any assets remaining after the corporation goes out of business, sells its assets, and pays off its liabilities is the right of (2). The stockholders' ownership interest in the assets of the corporation is called (3) d. (4) e L 9 is the legal concept that means stockholders can lose no more than the cost of their investment in the company. The authorization from the state to issue a certain number of shares of stock is granted through the corporation's (5) The arbitrary amount assigned to each share of stock when it is originally authorized is its (6) is a hybrid form of capital stock resembling both equity and debt that pays a fixed dividend. h. (8) L The (9) k is the basic form of capital stock. is elected by stockholders. The business entity formed under state law that has a separate legal identity from its owners is a (10). The total of the par value of all of the shares issued is the corporation's (11) L (12) represents the amount of stockholders' equity that the corporation has earned through profitable operations less any dividends declared. Net increase (decrease) in cash (19) (20) Noncash investing and financing activities: (21) (22) Total noncash investing and financing activities 1: Data Table Current Accounts: December 31, 2021 2020 Current assets: Cash and cash equivalents $ 125,200 $ 43,000 Accounts receivable 69,700 64,500 Inventories 9,300 87,000 Prepaid expenses Current liabilities: 3,100 2,200 Accounts payable $ 57,300 $ 56,100 Income tax payable 28,800 16,100 Accrued liabilities 15,000 6,300 2: More Info Transaction Data for 2021: Acquisition of land by issuing long-term note payable Stock dividends Collection of loan Purchase of treasury stock $ 203,000 Loss on sale of equipment $ 11,800 4,000 21,000 Payment of cash dividends 12,400 46,000 Issuance of long-term note Depreciation expense 20,000 Purchase of building payable to borrow cash Net income 34,000 58,000 with cash Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash 133,000 Issuance of common stock for cash 24,000 Proceeds from sale of equipment 44,900 Amortization expense 36,900 53,000 5,400