Luna Corporation was established in 2021. The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. Calculate the number of outstanding shares of Common Stock Luna Company has as of June 30 . Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. July 31 The Board of Directors declared a cash dividend of $45,000 to be paid on August 15th. (a) Calculate the total cash amount distributed to Preferred and Common Stockholders. (b) Prepare the journal entry for the cash dividend declaration. Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. July 31 Calculate the per-share amount to be paid to Preferred Stock and the per-share amount to be paid to Common Stock. Refer to the previous question. (round to two (2) decimal places)