19 Curtain Co paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively The company had 2,100 shares of 5 5 , $100 par value preferred stock outstanding that paid a cumulative dividend What is the total amount of dividends paid to common shareholders during Year 3 20 Gilligan Corporation was established on February 15, Year 1 Gilligan is authorized to issue 700,000 shares of $15 par value common stock As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances Common stock, $15 par, 700,000 shares authorized, 70,000 shares issued and outstanding $ 1,050,000 Paid in capital in excess of par Common 140,000 $ 1,190,000 Retained earnings 665,000 Total stockholders' Equity $ 1,855,000 At the end of Year 3, Gilligan decides to issue a 5 stock dividend At the time of issue, the market price of the stock was $46 per share What is the amount of retained earnings that will be transferred to paid in capital as a result of the stock dividend issued by Gilligan Corporation 26 Dooling Corporation reported balances in the following accounts for the current year Beginning Ending Inventories $ 640 $ 340 Accounts payable 260 460 Cost of goods sold was $8,000 What was the amount of cash paid to suppliers 31 During Year 1, El Paso Company had the following changes in account balances The Accumulated Depreciation account had a beginning balance of $95,000 and an ending balance of $133,000 The increase was due to depreciation expense The Long Term Notes Payable account had a beginning balance of $152,000 and an ending balance of $84,000 The decrease was due to repayment of debt The Equipment Account had a beginning balance of $140,000 and an ending balance of $356,000 The increase was due to the purchase of other operational assets The Long Term Investments Account (Marketable Securities) had a beginning balance of $100,800 and an ending balance of $70,000 The decrease was due to the sale of investments at cost The Dividends Payable account had a beginning balance of $67,200 and an ending balance of $56,000 There were $112,000 of dividends declared during the period The Interest Payable account had a beginning balance of $12,600 and an ending balance of $7,000 The difference was due to the payment of interest What is the net cash flow from financing activities

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19. Curtain Co. paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of

19. Curtain Co. paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?

20.

Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 700,000 shares of $15 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances:

Common stock, $15 par, 700,000 shares authorized, 70,000 shares issued and outstanding	$	1,050,000
Paid-in capital in excess of par - Common		140,000
			$	1,190,000
Retained earnings				665,000
Total stockholders' Equity			$	1,855,000

At the end of Year 3, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $46 per share. What is the amount of retained earnings that will be transferred to paid-in capital as a result of the stock dividend issued by Gilligan Corporation?

26. Dooling Corporation reported balances in the following accounts for the current year:

	Beginning		Ending
Inventories	$	640	$	340
Accounts payable		260		460

Cost of goods sold was $8,000. What was the amount of cash paid to suppliers?

31. During Year 1, El Paso Company had the following changes in account balances: The Accumulated Depreciation account had a beginning balance of $95,000 and an ending balance of $133,000. The increase was due to depreciation expense. The Long-Term Notes Payable account had a beginning balance of $152,000 and an ending balance of $84,000. The decrease was due to repayment of debt. The Equipment Account had a beginning balance of $140,000 and an ending balance of $356,000. The increase was due to the purchase of other operational assets. The Long-Term Investments Account (Marketable Securities) had a beginning balance of $100,800 and an ending balance of $70,000. The decrease was due to the sale of investments at cost. The Dividends Payable account had a beginning balance of $67,200 and an ending balance of $56,000. There were $112,000 of dividends declared during the period. The Interest Payable account had a beginning balance of $12,600 and an ending balance of $7,000. The difference was due to the payment of interest. What is the net cash flow from financing activities?