Journalize the following entries for Lennox: (Ignore the first problem.) 1. Declared a $.75 cash dividend per share to common stockholders of record on September 1, payable October 1. 3. Declared a dividend on the preferred stock 6. Declared a 10% stock dividend to stockholders of record on December 1, distributable December 31. The market price of the common stock was $11 per share. 7. Declared and paid a $1.00 cash dividend on the common shareholder AFTER after the 10% stock dividend had been distributed. B. 9. If a 2 for 1 stock split is announced AFTER the 10% stock dividend has been distributed, how many shares will then be outstanding? Question Completion Status: QUESTION 3 On December Lennox Company has been authorized to issue 50,000 shares of $5.00 par value, 7% preferred stock and 20,000,000 share of $ 25 par value common stock. 31, 2020, the following accounts were found on the ledger: Preferred Stock (non-cumulative) Paid-in Capital in Excess of Par-Pref Common Stock Paid-in Capital in Excess of Par-Common Treasury Stock 50,000 shares) Pald-in Capital from Treasury Stock Retained Earnings $120,000 350,000 1,250,000 2,200,000 190,000 39,000 970,000 Journalize the following entries for Lennox ignore the first problem.) 1. Declared a $.75 cash dividend per share to common stockholders of record on September 1, payable October 1. 3 declared a dividend on the preferred stock. 6. Declared a 10% stock dividend to stockholders of record on December 1, distributable December 31. The market price of the common stock was $11 per share Declared and paid a $1.00 cash dividend on the common shareholder AFTER after the 10% stock dividend had been distributed 8. a 2. for 1 stock split is announced AFTER the 10% stock dividend has been distributed, how many shares will then be outstanding? Ariel 13 (121) #T E36