25,000 shares of 8% Preferred Stock, with a Par Value of $20 for $30 cach. : Company issued 50,000 shares of SIO Par Common Stock for $12 per share and a) Journalize the entry for the issuance of the shares. You can omit the description. Common Stock: or cash a common stock er Adat fondin 500 ( 50,050 x10) Preferred Stock: b) If the Company pays a cash dividend of $100,000 in year 1 (so there are not any dividends in arrears, how much will each shareholder receive? Preferred Stock: Common Stock