1) PSL acquired a patent for their new invention for $5,200,000. They also spent $75,000 on legal fees. The patent is expected to have a useful life of 12 years. Record the amortization after the first year. 2) Black Rock reports the following items on their balance sheet as of Dec. 31st, 2021: Common stock, $12 par $2,100,000.00 PIC-In excess of par $3,300,000.00 Retained earnings $4,000,000.00 How many shares are issued and outstanding? 3) On December 31, Ikea's stockholder's equity section is the following: Preferred Stock, 7%, $10 par value $70,000 Common Stock, $5 par value 210,000 Additional Paid-In Capital 100,000 Retained Earnings 150,000 Treasury Stock (5,000 common shares) (30,000) $500,000 Total Stockholders Equity How many common shares were issued? How many common shares are outstanding? How many preferred shares were issued? What is the total paid in capital? What is the average price per share of treasury stock? What is the dividend amount on the preferred stock?