IBM issues 200,000 shares of stock with a par value of $0.11 for $160 per share. Three years later, it repurchases these shares for $90 per share. IBM records the repurchase in which of the following ways? Multiple Choice Debit Common Stock for $22,000, debit Additional Paid-in Capital for $17,978,000 and credit Cash for $18.00 million Debit Stockholders' Equity for $32.00 million, credit Additional Paid-in Capital for $18.00 million and credit Cash for $18.00 million. im Debit Common Stock for $22,000, debit Additional Pald-in Capital for $31,978,000 and credit Cash for $32.00 million Debit Treasury Stock for $18.00 million and credit Cash for $18.00 million A company's share information is as follows: has outstanding 21 million shares of $3 par value common stock and 2.1 million shares of $5 par value, cumulative preferred stock. The preferred stock has a 8% dividend rate. The company declares $12,600,000 in total dividends for the year. Preferred Dividends in arrears are $630,000. a. Compute the amount of dividends to be distributed to preferred shareholders. (Enter your answer in whole dollars.) Preferred Dividend b. Compute the amount of dividends to be distributed to common shareholders. (Enter your answer in whole dollars.) Common Dividend Required information Net income Dividends paid to stockholders Cash received from selling land Cash received from new bank loan Cash paid for principal on old bank loan Cash paid to purchase office equipment $ 10,500 2,600 3,300 6,800 1,700 5,200 The company would report net cash provided by (used in) financing activities of: Multiple Choice $(3.500) $8,500 $6,800 $2,500