10.)

10 trt 1 of 2 Required information The following information applies to the questions displayed below.) Brice Co. completed the following transactions in Year 1, the first year of operation. Jook 1. Issued 35,000 shares of no-par common stock for $15 per share 2. Issued 9,200 shares of $25 par , 7 percent, preferred stock for $25 per share. 3. Paid a cash dividend of $16,100 to preferred shareholders 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $20 per share 5. Later that year, issued a 2-for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $60 per share. 6. Produced $194,000 of cash revenues and incurred $84,000 of cash operating expenses 7. Closed the revenue, expense, and dividend accounts to retained earnings. onces Required a. Record each of these events in a horizontal statements model like the following one. (Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), Investing activity (IA), or financing activity (FA). Not all cells require input.) Required a. Record each of these events in a horizontal statements model like the following one. (Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), Investing activity (IA), or financing activity (FA). Not all cells require input.) BRICE CO Statement Model For Your 1 Balance Sheet Income Statement Flavne Expenses Liabilities Net Income statement al Cash Flows Asus Event Protorrad Stock Stockholders Equity Common Stock Retained Earnings . 1 . 2. 3. . 4 5 Revenues 6- Expenses Total