Instructions: 1. Prepare journal entries for the transactions below in the general journal on the following page. If no entry is necessary write "no entry". 2. Answer the related questions in the space provided on the following page. 2/1/2022 Issued 25,000 shares of $1 par value common stock for $40 per share. 3/15/2022 Issued 5,000 shares of $15 par value, 10% cumulative preferred stock for $60 per share. 9/20/2022 Declared a $9,000 dividend to stockholders of record as of 10/15/2022 to be paid on 11/1/2022. 10/15/2022 Date of record 11/1/2022 Paid the $9,000 dividend to shareholders. 12/1/2022 Issued a two-for-one stock split on the common shares outstanding Question 1: How much of the $9,000 dividend declared and pald above was received by Preferred Stockholders? By Common Stockholders? Show your work on the following page for full credit. Question 2: Are there any Dividends in Arrears? If so, how much? Where are these reported/disclosed? Show your work on the following page for full credit. Question 3: How many shares of common stock are issued and outstanding after the stock split? What is the par value per share after the stock split? Show your work on the following page for full credit. Question 1: Show your work for full credit. How much of the $9,000 dividends declared and paid above were received by: Preferred 5tockholders? Common Stockholders? Question 2: Show your work for full credit. Are there any Dividends in Arrears? If 50, how much? Where are dividends in arrears reported or disclosed? Question 3: Show your work for full credit. How many shares of common stock are issued and outstanding after the stock split? What is the par value per share after the stock split