Alpha Corporation was organized in 2017. At December 31, 2017. Alpha Corporation's balance sheet reported the following stockholders' equity: (click the icon to view the balance sheet information) Read the requirements Requirement 1. What does the 5 percent mean for the preferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? The 5% for the preferred stock represents the After Alpha Coporation issues preferred stock, how much in annual cash dividends would Alpha Corporation expect to pay on 10,000 shares? Start by determining the formula noaded to calculate the dividends on the preferred stock. Preferred dividends Now, using the formula you determined above, complete the sentence below. After the company issues preferred stock, it can expect to pay $ in annual cash dividends on 10,000 shares. Requirement 2. At what price per share did Alpha Corporation issue the common stock during 2017? Select the formula needed and then enter the amounts to calculate the issue price per share. (Round to the nearest cont.) Issue price Requirement 3. Were the first-year operations profitable? Give your reason as shown by the balance in Requirement 4. During 2018, the company completed the following selected transactions, Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Issued for cash 1,100 shares of preferred stock at par value. Journal Entry Date Accounts Debit Credit a Choose from any list or enter any number in the input fields and then continue to the next question. Alpha Corporation was organized in 2017. Al December 31, 2017, Alpha Corporation's balance sheet reported the followillig stockholders' equity /clck the icon to view the balance sheet information) Read the requirements Requirement 4. During 2018, the company completed the following selected transactions. Journalize each transaction. Explanations are not required. (Record debits first, then credits Exclude explanations from any journal entries.) a. Issued for cash 1,100 shares of preferred stock at par value. Journal Entry Debit Credit Accounts Date b. Issued for cash 1,600 shares of common stock at a price of $10.00 per share, Journal Entry Date Accounts Debit Credit b. Requirement 5. Prepare the stockholders' equity section of the Alpha Corporation balance sheet at December 31, 2018. Assume ne income for the year is $81,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Choose from any list or enter any number in the input fields and then continue to the next question. This Question: 10 pts Alpha Corporation was organized in 2017. At December 31, 2017. Alpha Corporation's balance sheet reported the following stockholders' equity (click the icon to view the balance sheet information) Road the requirements Requirement 1. What does the 5 percent mean for the preferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? The 5% for the preferred stock represents the After Alpha Coporation issues preferred stock, how much in annual cash dividends would Alpha Corporation expect to pay on 10,000 shares? Start by determining the formals needed to calculate the dividends on the preferred stock Proferred dividends X NO Requirements RA Answer the following questions and make journal entries as needed: 1. What does the 5 porcent mean for the proferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? 2. At what average price per share did Alpha Corporation issue the common stock during 2017? 3. Were first-year operations profitable? Give your reason 4. During 2018, the company completed the following selected transactions. Joumalize each transaction Explanations are not required. a. Issued for cash 1,100 shares of preferred stock at par value. b. Issued for cash 1,600 shares of common stock at a price of $10.00 per share. 5. Prepare the stockholders' equity section of the Alpha Corporation balance sheet at December 31, 2018. Assume net income for the year is $81,000 RO RO Print Done moose from any list or enter any number in the input fields and then continue to the next question. ? = Preferred dividemus x the 1 Data Table re mg ht Stockholders' Equity 0 Paid-in capital: Preferred stock, 5%, $20 par, 45,000 shares authorized, none issued $ Common stock, $2 par, 160,000 shares authorized, 10,000 shares issued and outstanding 20,000 41,000 Paid-in capital in excess of par-common Total paid-in capital Retained earnings (deficit) $ 61,000 1,000 Total stockholders' equity $ 62,000 Print Done sy list or enter any number in the input fields and then continue toth Alpha Corporation was organized in 2017. At December 31, 2017. Alpha Corporation's balance sheet reported the following stockholders' equity: (click the icon to view the balance sheet information) Read the requirements Requirement 1. What does the 5 percent mean for the preferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? The 5% for the preferred stock represents the After Alpha Coporation issues preferred stock, how much in annual cash dividends would Alpha Corporation expect to pay on 10,000 shares? Start by determining the formula noaded to calculate the dividends on the preferred stock. Preferred dividends Now, using the formula you determined above, complete the sentence below. After the company issues preferred stock, it can expect to pay $ in annual cash dividends on 10,000 shares. Requirement 2. At what price per share did Alpha Corporation issue the common stock during 2017? Select the formula needed and then enter the amounts to calculate the issue price per share. (Round to the nearest cont.) Issue price Requirement 3. Were the first-year operations profitable? Give your reason as shown by the balance in Requirement 4. During 2018, the company completed the following selected transactions, Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Issued for cash 1,100 shares of preferred stock at par value. Journal Entry Date Accounts Debit Credit a Choose from any list or enter any number in the input fields and then continue to the next question. Alpha Corporation was organized in 2017. Al December 31, 2017, Alpha Corporation's balance sheet reported the followillig stockholders' equity /clck the icon to view the balance sheet information) Read the requirements Requirement 4. During 2018, the company completed the following selected transactions. Journalize each transaction. Explanations are not required. (Record debits first, then credits Exclude explanations from any journal entries.) a. Issued for cash 1,100 shares of preferred stock at par value. Journal Entry Debit Credit Accounts Date b. Issued for cash 1,600 shares of common stock at a price of $10.00 per share, Journal Entry Date Accounts Debit Credit b. Requirement 5. Prepare the stockholders' equity section of the Alpha Corporation balance sheet at December 31, 2018. Assume ne income for the year is $81,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Choose from any list or enter any number in the input fields and then continue to the next question. This Question: 10 pts Alpha Corporation was organized in 2017. At December 31, 2017. Alpha Corporation's balance sheet reported the following stockholders' equity (click the icon to view the balance sheet information) Road the requirements Requirement 1. What does the 5 percent mean for the preferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? The 5% for the preferred stock represents the After Alpha Coporation issues preferred stock, how much in annual cash dividends would Alpha Corporation expect to pay on 10,000 shares? Start by determining the formals needed to calculate the dividends on the preferred stock Proferred dividends X NO Requirements RA Answer the following questions and make journal entries as needed: 1. What does the 5 porcent mean for the proferred stock? After Alpha Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10,000 shares? 2. At what average price per share did Alpha Corporation issue the common stock during 2017? 3. Were first-year operations profitable? Give your reason 4. During 2018, the company completed the following selected transactions. Joumalize each transaction Explanations are not required. a. Issued for cash 1,100 shares of preferred stock at par value. b. Issued for cash 1,600 shares of common stock at a price of $10.00 per share. 5. Prepare the stockholders' equity section of the Alpha Corporation balance sheet at December 31, 2018. Assume net income for the year is $81,000 RO RO Print Done moose from any list or enter any number in the input fields and then continue to the next question. ? = Preferred dividemus x the 1 Data Table re mg ht Stockholders' Equity 0 Paid-in capital: Preferred stock, 5%, $20 par, 45,000 shares authorized, none issued $ Common stock, $2 par, 160,000 shares authorized, 10,000 shares issued and outstanding 20,000 41,000 Paid-in capital in excess of par-common Total paid-in capital Retained earnings (deficit) $ 61,000 1,000 Total stockholders' equity $ 62,000 Print Done sy list or enter any number in the input fields and then continue toth