entries S & A are combined

$100 par vatue pechened stock Or the total payment. $4.6mmilion is atubuted to the fully participating preferred stock with the fersinder pad for the comvon. This acqualition is carried out on January 1, 2021, when Young reports retained eainings of $130. us 46362000 . On thas same date, a bulldng owned by Young (With a 5 -yeat remaining life) is undervalued in the financial records by Mroghed to o brand name with a 20 geor remaining 1 te. Duivg 2021, foung reports net income of 51050.000 while declaring 5520.000 in cash dividends. Drexel uses the inital value mentiod ta account for boh of thete virements In the frat occount field. Emret your antwers in whole dollars and not in millions.)