Corporation 1) London Corporation has two classes of stock: Common, OMR 1 par value and preferred, OMR 4 par value. Journalize the issuance of 10,000 shares of Common Stock for OMR 8 per share. 2) On August 1, Hagino Corporation declared a OMR 1.50 per share cash dividend on its common stock(20,000 shares) for stockholders on record as of August 15. Hagino paid the dividend on August 31. Journalize the entries declaring the cash dividend and paying the dividend. 3) Ahmad Inc had beginning retained earnings of OMR 300,000 on January 1,2014. During the year, Ahmad declared and paid OMR 140,000 of cash dividend and earned OMR 200,000 of net income. Prepare the statement of retained earnings for Ahmad Inc. for the year ending December 31, 2014. 4) Zam Zam company had reported the following balances: Dec 31,2015 OMR 80,000 2,000 340,000 Dec 31, 2014 OMR 60,000 5,000 310,000 Net income Preferred Dividends Total Stockholders Equity Stockholder equity attributable to preferred stock Number of Common Shares Outstanding 20,000 20,000 10,000 14,000 a) Compute Zam Zam earnings per share for 2015. b) Compute Zam Zam price/earnings ratio for 2015, assuming the market price is OMR 40 per share. c) Compute ZamZam rate of return on common stockholders' equity for 2015