1)39 $1000 bonds with a carrying value of $48600 are converted into 4000 shares of $5 par value common stock. The common stock had a market value of $9 per share on the date of conversion. The entry to record the conversion is

Bonds Payable	48600
Common Stock		20000
Paid-in Capital in Excess of Par		28600

Bonds Payable	48600
Common Stock		36000
Paid-in Capital in Excess of Par		12600

Bonds Payable	39000
Premium on Bonds Payable	9600
Common Stock		20000
Paid-in Capital in Excess of Par		28600

Bonds Payable	39000
Premium on Bonds Payable	9600
Common Stock		39000
Paid-in Capital in Excess of Par		9600

2)Coronado Corporation makes a short-term investment in 160 shares of Wildhorse Companys common stock. The stock is purchased for $53 a share. The entry for the purchase is

Stock Investments	8480
Cash		8480

Stock Investments	7987
Cash		7987

Stock Investments	8000
Cash		8000

Debt Investments	8480
Cash		8480

3)

Coronado, Inc. has 3500 shares of 4%, $50 par value, cumulative preferred stock and 70000 shares of $1 par value common stock outstanding at December 31, 2019. The board of directors declared and paid a $2700 dividend in 2019. In 2020, $18900 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020?

Preferred

Common

$9450

$9450

$11300

$7600

$7600

$11300

$7000

$11900

4)

Marigold, Inc. has 11200 shares of 5%, $100 par value, noncumulative preferred stock and 224000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $64200 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?

$0

$8200

$64200

$56000

(you dont need to show work just answer them)