Dailey Company is a publicly held corporation whose $1 par value ordinary shares are actively traded at $22 per share. The company issued 3,000 shares to acquire land recently advertised at $82,000. When recording this transaction, Dailey Company will credit Share Premium-Ordinary for $79,000. debit Land for $82,000. debit Land for $66,000. credit Share Capital-Ordinary for $66,000. King George Company was authorized to issue 100,000 ordinary shares. The company issued 54,000 shares and later purchased 10,000 treasury shares. The number of outstanding ordinary shares is: 90,000. 54,000. 46,000. 44,000. The Nice Corporation issues 20,000 preference shares with a $100 par value for cash at $110 per share. The entry to record the transaction will consist of a debit to Cash for $2,200,000 and a credit or credits to Share Capital-Preference for $2,000,000 and Share Premium-Preference for $200,000. Share Capital-Preference for $2,200,000. Share Capital-Preference for $2,000,000 and Retained Earnings for $200,000. Share Premium-Preference for $2,000,000. Cuther Inc has 1,000 shares of 4%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2016, and December 31, 2017. The board of directors declared and paid a $1,000 dividend in 2016. In 2017, $10,000 of dividends are declared and paid. What are the dividends received by the ordinary shareholders in 2017? $2,000 $7,000 $5,000 $8,000