Crawford-Austin Properties included the following stockholders' equity-on its year-end balance sheet at December 31, 2006. Identify the different issues of stock that Crawford-Austin has outstanding. (pp. 644-645) Is the preferred stock cumulative or noncumulative? How can you tell? (p. 656) Give two summary journal entries to record issuance of all the Crawford-Austin stock. All the stock was issued for cash. Explanations are not required, (pp. 646-649) Preferred dividends are in arrears for 2005 and 2006. Record the declaration of a $50,000 cash dividend on December 30, 2007. Use separate Dividends Payable accounts for Preferred and Common. An explanation is not required, (pp. 653-656)