1. Prepare the journal entry to record Tamas Company's issuance of 5,500 shares of $100 par value, 7% cumulative preferred stock for $105 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.) 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 5,500 shares of $100 par value, 7% cumulative preferred stock for $105 cash per share. View transaction list Journal entry worksheet Record the issue of $100 par value preferred stock for $105 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 2. Assuming the facts in part 1, if lamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 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.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend %