15.

16.

17.

Sunland Inc. has 4600 shares of 6%, $100 par value, cumulative preferred stock and 49700 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? O $0.56 per share O $65 per share O $27600 in total $49700 in total Bramble Corporation has 70,000 shares of common stock outstanding, It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Bramble Corporation has 70,000 sh. stockholders of record on Decembe Prepare the entries on the appropria order presented in the problem. Credit is required, select "No Entry" for the acc Date Account Titles ar Nov. 1 Dec. 31 M. Lily Corporation has 13,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Lily wants to pay $400,000 of dividends in 2020, what amount of dividends will common stockholders receive? Amount of dividend $