A corporation sold 14,000 shares beptember 3,2018. Record the journal entry to record this transaction G. of its $10 par value common stock at a cash price of $13 per share on Your company has 8,000 shares of S 100 par value, 2.5% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding. The company has never paid dividends. What is the cash dividend that must be paid to preferred stockholders in the third year before any dividend is paid to common stockholders? 8.Your Corporation had 50,000 shares authorized and 15,000 shares issued of S10 par value common stock and 6,000 shares treasury stock when the board of directors declared a cash dividend of $1.75 per share. At the time of the dividend, the market value per share was $23. What is the dollar value of the dividend? Your Corporation bought $450, 000 of equipment using an installment loan 1/1/19. The note provides for 4.5 % annual interest and equal annual payments of interest and principal of $91,395.50 on December 31 of each year. Calculate the interest expense for YEAR 2