14.

Prepare the journal entries to record each of the below transactions.
1.	The issuance of common stock and preferred stock on January 1, 2013.
2.	The declaration of dividends on December 28, 2014.
	The payment of dividends on February 12, 2015. Journal Entry Worksheet: Date General Journal Debit Credit 1 2 3 4 5 6 15) Of the total amount of dividends declared during 2014, how much will be received by preferred shareholders? Preferred Shareholders: $______________