DATE TRANSACTIONS FOR 2022 Jan. 5 Issued 1,000 shares of 5 percent $100 par preferred stock for $101 per share. (The corporation has been authorized to issue 10,000 shares of preferred stock.) 15 Paid estimated income taxes of $17,000 accrued at the end of 2021. Apr. 1 Paid semiannual bond interest on the 10-year, 10 percent bonds payable and amortized the premium for the period since December 31, 2021. (The interest and premium were recorded as of December 31, 2021; the entry was not reversed.) The bonds were issued on October 1, 2020, at a price of 103, and they mature on October 1, 2030. Use straight-line amortization. July 1 The board of directors declared a cash dividend of $0.10 per share on the common stock. The dividend is payable on July 26 to stockholders of record as of July 15. 26 Paid the cash dividend on the common stock. Aug. 12 A purchaser of 600 shares of preferred stock issued on January 5 asked the corporation to repurchase the shares. The corporation repurchased the stock for $102 per share. The stock is to be held by the corporation until it can be resold to another purchaser. Oct. 1