Exercise 10-4A Determine the amount of preferred stock dividends (LO10-3) Nathan's Athletic Apparel has 1,200 shares of 7%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $18,000 in 2021. Required: 1. & 2. How much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative? Cumulative Non Cumulative Preferred dividends in arrears for 2020 Preferred dividends for 2021 Remaining dividends to common stockholders Total dividends Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $33 per share. February 6 Issues 2,800 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $38 per share. December 15 Resells 6,000 shares of treasury stock at $43 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of 100,000 shares of common stock for $33 per share. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2021 Record entry Clear entry View general journal