hlml'lcl. 1L! ABC Corporation is authorized to issue 10 million shares of $1 par value common stock and 800,000 shares of 6%, $10 par value cumulative, convertible, preferred stock. Hint: Watch the dates and assume there are no other events during the year. 1. If ABC issues 100,000 shares of common stock for $12 per share and 10,000 shares of preferred stock for $30 per share on January 1, 2004, what would be the amount of the legal capital shown on the pro forma balance sheet? If, on December 15, 2005, the Board of Directors declares a cash dividend of $139,000 to stockholders of record on December 23, payable on December 31, what is the amount of dividend received per share for common stockholders? Assume ABC distributes a 20% stock dividend on September 1, 2006. How many shares of common stock would be authorized, issued, and outstanding after the distribution? Assume that ABC buys back 5,000 shares of common stock for $20 per share on October 1, 2007. How many shares of common stock would be authorized, issued, and outstanding after the treasury stock is purchased? Assume that all the preferred stock is converted at the rate of 1 for 3 to common stock on March 1, 2008. How many shares of common stock are authorized, issued, and outstanding after the conversion