Anthony's Athletic Apparel has 1,500 shares of 7\%, \$100 par value preferred stock the company issued at the beginning of 2023. All remaining shares are common stock. The company was not able to pay dividends in 2023 , but plans to pay dividends of $24,000 in 2024. Required: 1. \& 2. How much of the $24,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2024, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative? Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockhoiders' equity in 2024. March 1 Issues 51,000 additional shares of $1 par vatue common stock for $48 per share. May 10 Purchases 4,600 shares of treasury stock for $51 per share. June 1 Declares a cash dividend of $1.30 per share to all stockhotders of record on June 15. (Hint: 0ividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,30e shares of treasury stock purchased on May 10 for $56 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Record the issuance of 51,000 additional shares of $1 par value common stock for $48 per share. Note: Enter debits before credits. Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockholders' equity in 2024. March 1 Issues 51,000 additional shares of $1 par value common stock for $48 per share. May 10 Purchases 4,600 shares of treasury stock for $51 per share. June 1 Declares a cash dividend of $1.30 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Juty 1 Pays the cash dividend declared on June 1. october 21 Resells 2,300 shares of treasury stock purchased on May 10 for $56 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of 4,600 shares of treasury stock for $51 per share. Note: Enter debits before credits. Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockholders' equity in 2024. March 1 Issues 51,000 additional shares of $1 par value common stock for $48 per share. May 10 Purchases 4,600 shares of treasury stock for $51 per share. June 1 Declares a cash dividend of $1.30 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resetls 2,300 shares of treasury stock purchased on May 10 for $56 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the declaration of a cash dividend of $1.30 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockholders* equity in 2024. March 1 Issues 51,000 additional shares of $1 par value common stock for $48 per share. May 10 Purchases 4,600 shares of treasury stock for $51 per share. June 1 Declares a cash dividend of $1.30 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Juty 1 Pays the cash dividend declared on June 1. October 21 Resells 2,300 shares of treasury stock purchased on May 18 for $56 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 5 Record payment of the cash dividend declared on June 1. Note: Enter debits before credits, Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024 . Bay Meadows has the following transactions affecting stockholders' equity in 2024 March 1 Issues 51,000 additional shares of $1 par vatue common stock for $48 per share. May 10 Purchases 4,600 shares of treasury stock for $51 per share. June 1 Declares a cash dividend of $1.3e per share to ali stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend dectared on June 1. October 21 Resells 2,300 shares of treasury stock purchased on May 10 for $56 per share. Required: Record each of these transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 Record the resale of 2,300 shares of treasury stock purchased on May 10 for $56 per share. Note: Enter debits before credits