Hichard Corporation was organized in 2017 At December 31, 2017, Richard Corporation's balance shout mported the following stockholders' equity (Click the icon to view the balance sheet information) Read the requirements Requirement 1. What does the 7 percent mean for the preferred stock? After Richard Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 10.000 shares? The 7% for the prefered stock represents the After Richard Coporation issues prefered stock, how much in annual cash dividends would Richard Corporation expect to pay on 10,000 shares? Start by determining the formula needed to calculate the dividends on the preferred stock K Now using the formula you determined above, complete the sentence below After the company issues prefered stock it can expect to pay 5 Preferred dividends in annual cash dividends on 10.000 shares Requirement 2. At what price per shane did Richard Corporation issue the common stock during 2017 Select the formula needed and then enter the amounts to calculate the issue price per share (Round to the coast cent)