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4 of 6 -14 View Policies Current Attempt in Progress On January 1, Novak Corp. had 62,000 shares of no-par common stock issued and outstanding.

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4 of 6 -14 View Policies Current Attempt in Progress On January 1, Novak Corp. had 62,000 shares of no-par common stock issued and outstanding. The stock has a stated value of 54 per share. During the year, the following transactions occurred. Apr. Issued 13,950 additional shares of common stock for $12 per share. Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July Paid the $1.60 cash dividend. Dec. 1 Issued 6.200 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31 1 June 15 10 Dec. 15 (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, e.g. 5,276.) Assets Liabilities Pald-In-Capital Cash Dividend Payable Reven June 15 $ $ $ July 10 Dec 15

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