Issuing Stock Willow Creek Nursery, with an authorization of 19,000 shares of preferred stock and 370,000 shares of common stock, completed several transactions involving its stock on June 1, the first day of operations. The trial balance at the close of the day follows: Cash 394,400 Land 124,000 Buildings 250,400 Preferred 2% Stock, $100 par 360,000 Paid In Capital in Excess of Par-Preferred Stock 14,400 Common Stock, $40 par 272,000 Paid-In Capital in Excess of Par-Common Stock 122,400 768,800 768,800 All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings. Journalize the entries to record the (1) common and (2) preferred stock transactions summarized in the trial balance. For a compound transaction, if an amount box does not require an entry, leave it blank. (1) For a compound transaction, if an amount box does not require an entry, leave it blank. (2) Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 4% stock, $130 par, and 47,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $48,720; second year, $106,880; third year, $125,420; fourth year, $138,130. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year Preferred stock (dividend per share) Common stock (dividend per share)