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$200.000 Star Corporation's December 31, 2007 Balance Sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20.000 shares authorized:10,000 shares issued Common stock,

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$200.000 Star Corporation's December 31, 2007 Balance Sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20.000 shares authorized:10,000 shares issued Common stock, 510 par val, 2,000,000 shares authorized 1,300,000 shares od 1.200,000 share outstanding Paid-in capital in excess of par value preferred stock Paid in capital in eos of par value-common stock 13.000.000 10000 18,000,000 5.100.000 Retained earnings Treasury stock (20.000 shares) Starr declared and paid $50,000 cash dividend on December 15, 2007. If the company 420,000 vidends in areas prior to that date were $18,000, Star's common stockholders received Ano dividend $22.000 $30,000 D$18.000

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