I need help with 6 and 7

6. Acompany was organized on January 1, 2017. During its first year, the company issued the following stoc and have made no other stock issuances since: Preferred Stock (4%, $80 par, cumulative, 10.000 shares authorized, 6,000 issued and outstandiner Common Stock (S5 par. 100,000 authorized, 80,000 issued, 70,000 outstanding On December 31, the company declared the following cash dividends in each respective year: 2017: $5,000: 2018: $12,000; 2019: $54.000 Determine the amount of dividends that the common stockholders will receive in 2019: A. $19,200 B. $13.400 D. $54,000 E. SO 7. On December 31, 2019, a company had 220,000 shares of S5 par value common stock outstanding and 60.000 shares of 4%, $10 par value preferred stock outstanding. Net income for 2019 is $410,000. 2 You are given the additional information for 2019: 20 1 2/31 Aug 1- the company issued 120,000 shares of common stock 0.000 8/Calculate the company's earnings per share for 2019 (round to the nearest cent). A $2.49 RE Pret Div $10 par 4% .4 per Pret div x 340,000 NI- $1.86 D. $2.73 E. $2.57 Share ols 220,000 X 12/12 = 220,000 24,000 V S212SO e termine the financial efect on the day that dividends are declared if they won't be paid until a future date