Multiple Choice Question 90 Sunland Corporation began business in 2020 by issuing 41000 shares of $5 par common stock for ss per share and 4100 shares of 7%, $10 par preferred stock for par At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Sunland would report Common Stock of $410000. Common Stock of $205000 Common Stock of $328000 Pald-in Capital of $315700 Multiple Choice Question 114 Pina Colada Corp. issues 67000 shares of $50 par value preferred stock for cash at $55 per share. The entry to record the transaction will consist of a debit to Cash for $3685000 and a credit or credits to Pald-in Capital from Preferred Stock for $3685000 Preferred Stock for $3685000. Preferred Stock for $3350000 and Pald-in Capital in Excess of Par Value-Preferred Stock for $335000 Preferred Stock for $3350000 and Retained Earnings for $335000. Multiple Choice Question 120 Outstanding stock of the Blue Corporation included 50000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Blue dedared and paid dividends of $7500. In 2020, Blue declared and paid dividends of $25000. How much of the 2020 dividend was distributed to preferred shareholders? $16500. $27000 59000 None of these answer choices are correct