1.)A company issues 1,800,000 shares of $0.50 par value, cumulative preferred stock for $17,000,000. The stated dividend is $1 per share. Which journal entry is needed for the sale?

A.)debit Cash $17,000,000, credit Preferred Stock $900,000 and credit Paid-in Capital in Excess of ParPreferred $16,100,000 b.) debit cash $17,000,000 and credit preferred stock $17,000,000 C.) Debit cash $17,000,000 and credit paid-in-capital in excess of par-preferred $17,000,000 D.)Debit cash $17,000,000 and credit Retained Earnings $17,000,000 2.)Orlando Corporation incorporated on January 2, 2017. During 2017, Orlando had the following transactions: issued 30,000 shares of common stock at $35 per share. The par value per share is $1. purchased 1,000 shares of treasury stock at $25 per share had net income of $400,000. What is the total amount of stockholders' equity as of December 31, 2017? A.)$1,050,000 B.)$1,425,000 C.)$1,450,000 D.)$1,075,000

3.) On December 31, Sulfur Corporation has the following data available

Net Income $200,000 Interest expense 20,000 Preferred dividends 20,000 Total assets at the beginning of the year 770,000 Total assets at the end of the year 870,000 Total common stockholders' equity at the beginning of the year 500,000 Total common stockholders' equity at the end of the year 210,000

A.)50.70% B.)45.07% C.)56.34% D.)21.95%