1. Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. No A Transaction General Journal 1 Cash Paid-in capital in excess of par value, preferred stock Common dividend payable Required 1 Required 2 > Debit 636,000 Credit 600,000 36,000