Complete the following requirements for each independent case. (Use Table 1, Table 2)

Case A: The charter for Rogers, Incorporated, authorized the following capital stock:

Common stock, par $12, 109,000 shares

Preferred stock, 8 percent, par value $10 per share, 5,800 shares

The company sold 43,000 shares of common stock and 4,800 shares of preferred stock. During 2011, the following selected transactions were completed in the order given:

1.

Rogers declared and paid dividends in the amount of $10,000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders?

Preferred stock dividend:

Common stock dividend:

2.

Rogers purchased 13,000 shares for treasury stock. After this transaction, how many shares of common stock were outstanding?

Shares outstanding:

TABLE 2

TABLE 1