1-West County Bank agrees to lend Blossom Company $240000 on January 1. Blossom Company signs a $240000, 4%, 6-month note. Recording the pay off of the note and interest at maturity assuming that interest has been accrued to June 30 includes a(n)

A-Decrease to Notes Payable for $240000, decrease to Interest Payable for $4800 and a decrease to Cash for $244800.

B-Increase to Interest Expense for $4800, decrease to Notes Payable for $240000 and a decrease to Cash for $244800.

C-Decrease to Interest Payable for $2400, decrease to Notes Payable for $240000, increase to Interest Expense for $2400and a decrease to Cash for $244800.

D-Decrease to Notes Payable and to Cash for $244800.

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2-Sage Hill Inc. has 6000 shares of 6%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2022, and December 31, 2021. The board of directors declared and paid a $16000 dividend in 2021. In 2022, $60000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2022?

A-$36000.

B-$40000.

C-$20000.

D-$18000.