-Chapter 15 Question 2 of 19 20.83/25 Current Attempt in Progress Pearl Company reported the following amounts in the stockholders equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10.000 shares authorized, 1,800 shares issued) $180,000 Common stock $5 par (93,000 shares authorized, 18,600 shares issued) 93,000 Additional paid in capital 130,000 Retained earnings 467,000 $870,000 Total During 2020, Pearl took part in the following transactions concerning stockholders' equity 1 Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019, 2. Purchased 1.500 shares of its own outstanding common stock for $41 per share. Pearl uses the cost method 3. Reissued 800 tresury Shares for and valued at $35,000. 4. Issued 550 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share, 6. Issued the stock dividend, 2. Declared the annual 2020 $10 per share dividend on preterred stock and the $2 per share dividend on common stock These dividends are payable in 2021 18 MacBook Air