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help me solve june 8 On December 31, 2024, Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31
help me solve june 8
On December 31, 2024, Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31 . 2024 , stockholders' equity had the amounts listed here. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10 , issued at $105 per share 111,000 shares of $100 par value, 9% cumulative preferred stock. 2. On Febryary 8 , reacquired 14,100 shares of its common stock for $10 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. 4. On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,695,000. Feb. 8 Treasury Stock Cash May 9 Cash Dividends Dividends Paryable \begin{tabular}{|l|l|} \hline Jun.8. div \\ \hline Dividends Payable Cash Dividends Stock Dividends \\ \hline Common Stock Dividends Distributable \\ \hline \end{tabular} 999000 \begin{tabular}{|l|l|l|l|l|l|} \hline Dec. 31 & Incorne Summary & 3695000 \\ \hline \end{tabular} Step by Step Solution
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