make the appropriate journal entries.

As Of January I st company 6 has 400 , 000 common shares issued at 35 .000 $4 perferred shares issued at the following transactions occurred 31 Dec $10.00 $75 investors to close for per share per share $80 .00 per share REMEMBER THE NEW SHARES! l! II 5 Jan 1 Apr 15 -Apr Record the i ssued 20.000 new $4 Preferred shares to declared cash divided Of paid cash dividend 31Dec Net LOSS of above transactions Descript im $400 , ooo ($2 , 345) Make the entry Income Summary Account Date 5 Jan 1 Apr 1 5 Apr What is the dividend PER SHARE for the Common Shareholders? (le, how much would I receive as a dividend if I owned I common CR share) 2 marks 3 marks REMEMBER -r NEW SHARES! l! II 12 Total 3 marks 2 marks 2 marks