K Kappa Corporation was organized in 2017. At December 31, 2017, Kappa Corporation's balance sheet reported the following stockholders' equity Click the icon to view the balance sheet information.) Read the requirements Requirement 1. What does the 4 percent mean for the preferred stock? After Kappa Coporation issues preferred stock, how much in annual cash dividends would it expect to pay on 5.000 shares? The 4% for the preferred stock represents the After Kappa Coporation issues preferred stock, how much in annual cash dividends would Kappa Corporation expect to pay on 5.000 shares? Start by determining the formula needed to calculate the dividends on the preferred stock Now, using the formula you determined above, complete the sentence below in annual cash dividends on 5,000 shares After the company issues preferred stock, it can expect to pay $ Requirement 2. At what price per share did Kappa Corporation issue the common stock during 2017? Select the formula needed and then enter the amounts to calculate the issue price per share. (Round to the nearest cent) 38 31 Requirement 3. Were the first-year operations profitable? Give your reason as shown by the balance in Issue price