More info Oct. 2 Issued 25,000 shares of common stock for a building with a market value of $140,000. Issued 700 shares of preferred stock for $130 per share. Oct. 6 Oct. 9 Issued 18,000 shares of common stock for cash of $90,000. Oct. 10 Oct. 25 Declared a $12,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Assume A Cell's net income for the month was $87,000. Print Done - X