Entries for Issuing Stock

On January 22, Ireland Corporation issued for cash 22,000 shares of no-par common stock at $30. On February 14, Ireland issued at par value 6,000 shares of preferred 7% stock, $100 par for cash. On August 30, Ireland issued for cash 31,000 shares of preferred 7% stock, $100 par at $113.

Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank.

second question please

Dividends Per Share

Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

20Y1	$67,500
20Y2	22,500
20Y3	135,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.