Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $72,000; third year, $80,000; fourth year, $100,000. Determine the dividends per share on each class of stock for each of the four years. Round your answers to two decimal places. If no dividends are paid in a given year, enter "O". 1st Year Preferred stock (dividends per share) $ $ 0.6 X 0.09 x $ $ 2nd Year 0.6 0.18 x $ $ 3rd Year 0.6 0.2 x $ $ 4th Year 0.6 0.25 X Common stock (dividends per share) Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 180,000 shares of $20 par common stock at $23, and on February 27, it issued for cash 25,000 shares of preferred stock, $7 par at $9. a. Journalize the entries for January 22 and February 27. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 22 Cash 4,140,000 Common Stock 3,600,000 Paid-In Capital in Excess of Par-Common Stock 540,000 Feb. 27 Cash 225,000 Preferred Stock 175.000 Paid-In Capital in Excess of Par-Preferred Stock / 50,000 | b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $ 3,775,000 X Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 750,000 shares of no-par common stock (with a stated value of $1.50) at $4, and on June 30, it issued for cash 17,500 shares of preferred stock, $50 par at $60. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. For a compound transaction, if an amount box does not require an entry, leave it blank. May 15 Cash v 3,000,000 Common Stock 3,000,000 x Paid-In Capital in Excess of Stated Value-Common Stock 1,500,000 June 30 Cash 1,050,000 Preferred Stock 875,000 Paid-In Capital in Excess of Par-Preferred Stock 175,000