At January 1, 2018, Crab Corp.'s balance sheet reported the following shareholders' equity E (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Shareholders' Equity Contributed capital: Preferred shares, $1.75, cumulative (2 years in arrears), liquidation price of $22, 350,000 shares authorized, 30,000 shares issued and outstanding Common shares: Class A, 45,000 shares authorized and issued and outstanding 280,000 125,000 1,550,000 Class B, unlimited number of shares authorized 155,000 shares issued and outstanding Total contributed capital 1,955,000 Print Done o 10 -X Preferred shares, $1.75, cumulative (2 years in arrears), liquidation price of $22, 350,000 shares authorized, 30,000 shares issued and outstanding Common shares: Class A, 45,000 shares authorized and issued and outstanding Class B, unlimited number of shares authorized 155,000 shares issued and outstanding Total contributed capital 280,000 125 000 1,550,000 1,955,000 400.000 Retained earnings $ 2,355,000 Total shareholders' equity 3 of 3 (2 complete) This Tes Transactions 2018 Dec. 1 The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same 31 The company reported net income after taxes of $80,000 for the year and then closed the income Summary account 2019 Jan Feb Dec 7 The company sold 14,000 preferred shares at $25.00 per share. 15 The company paid the dividend declared on December 1, 2018 14 The company sold 15,000 Class B common shares at $15.50 per share. 2 The company declared dividends of $140,000, payable on January 15, 2020, to the shareholders of record on December 31 2019. Indicate the amount that would be payable to the preferred shareholders and to the Print Done Transactions This STTTe company reporteret mcome ane taxes 01 SOU, VOU TO Te year and eliose ne e sudy account 2019 Jan 7 The company sold 14,000 preferred shares at $25.00 per share. 15 The company paid the dividend declared on December 1, 2018 Feb. 14 The company sold 15,000 Class B common shares at $15.50 per share. Dec. 2 The company declared dividends of $140,000, payable on January 15, 2020, to the shareholders of record on December 31, 2019. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. 31 The company reported net income after taxes of $190,000 and then closed the Income Summary account 2020 Jan 15 Paid the dividend declared on December 2, 2019 Print Done 10 e sheet reported the following shareholders' equity i Required - X 1. Record the transactions in the general journal. 2. Prepare the liability and the shareholders' equity sections of the balance sheet as of the close of business on December 31, 2019. 3. Calculate the book value per share of the preferred shares and of the common shares (Class A and Class B combined) on December 31, 2019 4. What was the average price at which the Class A common shares were issued? Indica ound htries Print Done per in the input jelas and then continue to the next question, o 10 Requirement 1. Record the transactions in the general journal December 1, 2018. The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31 Indicate the amount that would be payable to the preferred shareholders and to the common shareholders The dividend rate for Class A and Class B shares is the same (Do not round intermediary calculations Only round the amount you input in the cell to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry 2018 Accounts Debit Credit In Can con At January 1, 2018, Crab Corp's balance sheet reported the following shareholders' equity (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Dividends Payable--Common Shares, Class A Dividends Payable-Common Shares, Class B 91667 45833 December 31, 2018. The company reported net income after taxes of $80,000 for the year and then closed the income Summary accoun Journal Entry 2018 Accounts Debit Credit January 7, 2019. The company sold 14,000 preferred shares at $25.00 per share. 180000 February 14, 2019. The company sold 15,000 Class B common shares at $15.50 per share. 3 of 3 (2 complete) 2 Sum Test This Test: 100 pts posible At January 1, 2018, Crab Corp's balance sheet reported the following shareholders' equity (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required December 2, 2019. The company declared dividends of $140,000 payable on January 15, 2020, to the shareholders of record on December 31, 2019 Indicate the amount that would be payable to the preferred shareholders and to the common shareholders (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Journal Entry 2019 Accounts Debit Credit from any list or enter any number in the input fields and then continue to the next question. December 31, 2019. The company reported net income after taxes of $190,000 and then closed the Income Summary account Journal Entry 2019 Accounts Debit Credit January 15, 2020 Paid the dividend declared on December 2, 2019. (Round your answers to the nearest dollar.) Requirement 2. Prepare the liability and the shareholders' equity sections of the balance sheet as of the close of business on December 31, 2019 Crab Corp. Partial Balance Sheet December 31, 2019 Liabilities want lichittin Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. Calculate the book value per share of the preferred shares and of the common shares (Class A and Class B combined) on December 31, 2019 (Round answers to the nearest cent.) The book value of preferred shares is s The book value of common shares is s Requirement 4. What was the average price at which the Class A common shares were issued? (Round your answer to the nearest cent) The average price per share at which Class A common shares were issued is $ Choose from any list or enter any number in the input fields and then continue to the next