Corporation Ltd. has 10,000 shares of 2% cumulative preferred stock of $50 par and 7,000 shares of $75 par common stock outstanding The following amounts were distributed as dividends: Year 1 $8.000 Year 2 $18,000 Year 3 $35,000 1. Determine the dividends per share for each class of stock for each year. (8 pts). ii. If you are a common stockholder in year 3, owning 200 shares, and dividends will be paid in cash, calculate the cash dividends you would receive from the corporation. (2 pts) (b) Journalize the following stock transactions for Maine Corp.: You may omit narratives. (10 pts) i. Issued 2,000 shares of $10 par common stock at par for cash. ii, Issued 2,500 shares of $10 par common stock at par in exchange for Land with a fair market price of $80,000. iji. Purchased 400 shares of treasury stock at $30 each. iv. Sold the 250 shares of treasury stock purchased in (iii) at $34 each