24 Diane's Designs has two classes of stock authorized 6%, $100 par preferred and $10 par value common. The following transactions affect stockholders' equity during 2017, its first year of operations: Record the following transactions: January1 Issued 40,000 shares of common stock for $25 per share. February 5 Issued 8,000 shares of preferred stock for $140 per share. September 9 Repurchase 14,000 shares of its own common stock for $22 per share. October 19 Reissue 4,000 shares of the treasury stock at $26 per share. 10 The Surfs Up issues 100,000 shares remaining shares are common stock. The company was not able to pay dividends i dividends of $198,000 in 2017. Assuming the preferred stock is dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2017? of 8%, $10 par value p referred stock at the beginning of 2016. All n 2016, but plans to pay cumulative, how much of the $198,000