American Corporation has the following information in its financial statement year ended 31 Dec 2020: $ Preferred Stock 3.25 %, $5 par, non-cumulative, 10,000 shares authorized Common Stock, $2 par, 400,000 shares authorized, 320,000 issued Paid-in-Capital - Preferred Paid-in Capital Common Retained earnings 400,000 ? 760,000 200,000 2,000,400 a) Calculate the total par value of common stock. (1 mark) b) How many shares of preferred stock are outstanding? (1 mark) c) If American Corp paid a total of $93,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears.) (3 marks) d) If American did not pay a dividend for the last two years, but declared a $150,000 dividend this year, how much will the common stockholders receive per share? (3 marks) (e) If American Corp decided: i.) to purchase 20,000 shares of its common stock at $21.40 per share on 3 Feb 2021, what journal entry would the company make? (2 marks) ii.) on 25 Feb 2021, reissued 10 000 shares of the treasury stock at $24.50 per share, what journal entry would the company make