ABC Company has 333,000 shares of $2 par common stock authorized and 123,000 shares of $30 par, 5%, cumulative preferred stock authorized. 1. On January 1, 2018, ABC sells 50,000 shares of the common stock at $7 per share. What entry will ABC make to record this stock issuance? 2. On April 9, 2019, ABC selis 4,000 shares of the preferred stock at $40 per share. What entry will ABC make to record this stock issuance? 3. On October 1, 2019, ABC declares a dividend of $10,000. (Assume the balances in Cash and Retained Earnings are sufficient for this.) The Record Date is November 1, 2019 and the Payment Date is November 15, 2019. What are the entries that should be made on each of these 3 dates? Declaration Date: Record Date: Payment Date: 4. How much of the dividend paid on November 15, 2019 will go to the preferred stockholders and how much to the common stockholders? Preferred: Common: Copyright 2020 by lane E. Campbell. All Rights Reserved 1 Rev 111920 5. On September 30, 2020, ABC buys back 7,000 shares of the common stock at $3 per share. What entry will ABC make to record this stock purchase? 6. No dividend was paid in 2020. On August 12, 2021, ABC declares a dividend of $8,000. How much of the dividend will go to the preferred stockholders and how much to the common stockholders? Preferred: Common: 7. On July 13, 2022, ABC declares a dividend of $17,500. How much of the dividend will go to the preferred stockholders and how much to the common stockholders? Preferred: Common: 8. On February 22, 2023, ABC resells 4,000 of the treasury shares for $10 per share. What entry will ABC make to record this stock sale? 9. After the stock sale on February 22, 2023, what is the number of authorized, issued, and outstanding shares for each type of stock? Authorized Issued Outstanding Preferred: Common