1. XYZ Company has the following information from its charter. Common Stock, $2 par, 250,000 shares authorized Preferred Stock, 7%, $20 Par, 10.000 shares authorized Jan. 3 Issued 5,000 shares of common stock at $14 per share. Jan. 15 Issued 1,200 shares of preferred stock at $62 per share. Mar. 23 Declared a Cash Dividend of $0.50 per share to common stockholders and $1.40 per share to preferred stockholders. Date of record is Mar. 30. Apr. 5 Paid the cash dividend declared on Mar. 23. Apr. 16 issued 14,000 shares of common stock for $20 per share. May 20 Purchased 700 shares of treasury common stock at $17/share. May 29 Issued 2.900 share of preferred stock at $60/share. June 10 Sold 200 shares of treasury common stock at $20/share. June 13 Declared a Cash dividend of $0.50 per share to common stockholders and $1.40 to preferred stockholders. Date of record is June 20. Dividends will be paid on June 28. Date Account Titles Debit Credit 1-3-19 Cash 70.000 Common Stock 2.000 APIC 0 6.000 2.000 5-191 Preferred Stock 24.00 APIC 150,400 Cash