10 QS 11-11 (Algo) Preferred stock issuance and dividends LO C2 7 points Return 1. Prepare the journal entry to record Tamas Company's issuance of 6,600 shares of $100 par value, 6% 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 not complete. 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.) per Dividend per Preferred Par Value Dividend Preferred Rate Number of Preferred Shares Preferred Dividend Share Share $ 100 6.0 % $ 106.00 X 39,600 X $ 106 X < Required 1 Required 2 >