1)Seacrest Company has 25,000 shares of cumulative preferred 3% stock, $150parand 50,000 shares of $5 parcommon stock. The following amounts were distributed as dividends:

Year 1$225,000Year 290,000Year 3337,500

Determine the dividends per share forpreferredandcommon stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

Preferred stock (Dividends per share)$$$ Year 1 Year 2 Year 3

Common stock (Dividends per share)$$$

2)On January 22, Muir Corporation issued for cash 23,000 shares of no-parcommon stockat $50. On February 14, Muir issued atpar2,000 shares of 7%, $50 parpreferred stockfor cash. On August 30, Muir Corporation issued for cash 15,000 shares of preferred 7% stock, $50 par at $54.

Journalize the entries to record the January 22, February 14, and August 30 transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Jan. 22

Feb. 14

Aug. 30

3)The declaration, record, and payment dates in connection with a cash dividend of $32,000 on a corporation'scommon stockare February 1, March 18, and May 1.

Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Feb. 1

Mar. 18

May. 1

4)Madrid Corporation has 17,000 shares of $70parcommon stockoutstanding. On June 8, Madrid Corporation declared a 5% stock dividend to be issued August 12 tostockholdersof record on July 13. The market price of thestockwas $81 per share on June 8.

Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Jun. 8

Jul. 13

Aug. 12