Nathan's Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $22,000 in 2021 Required: 1. & 2. How much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative? Answer is not complete. Cumulative Non Cumulative $ Preferred dividends in arrears for 2020 Preferred dividends for 2021 Remaining dividends to common stockholders Total dividends 12,000 12,000 1,000 25,000 12,000 13,000 X 25,000 S $ Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 6,000 shares of no-par common stock for $16 per share. May 15 Issues 700 shares of $10 par value 12.5t preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. General Journal Debit Credit No Date February 01 1 96,000 Cash Common Stock 96,000 9,100 2 May 15 Cash Preferred Stock 7.000 8,375 3 October 01 Dividends Dividends Payable >> 8,375 3 Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Credit Debit 96,000 1 February 01 Cash Common Stock 96,000 2 May 15 9,100 Cash Preferred Stock 7,000 3 October 01 8,375 Dividends Dividends Payable 8,375 4 October 15 No Journal Entry Required 8,375 5 October 31 Dividends Payable Cash be OS 8,375 Return to question 4 Part 1 of 2 Required information [The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: 5 points March 1 Issue 1,100 shares of common stock for $42 per share. May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Resell 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Nint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $300; Common Stock, $40; Additional Paid-in Capital, $76,000; and Retained Earnings, $30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger Required: 1 Dronare the ervholdere' or it cortinn of the halanre cheat ae nf noromhor 21 2071 (Amunten he rarurter chulho Return to question 4 Part 1 of 2 ints Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. DONNIE HILFIGER Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Common Stock $ 25 X Treasury Stock 14,000 X X Total Pald-in Capital 14,025 Total Stockholders' Equity $ 14,025 Check my work 5 Part 2 of 2 Required information [The following information applies to the questions displayed below. Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 5 points eBook March 1 Issue 1,100 shares of common stock for $42 per share. May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Resell 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Print References Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $300: Common Stock $40; Additional Paid-in Capital, $76,000; and Retained Earnings, $30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger: 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) 2012 DONNIE HILFIGER Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Additional Paid Retained Stock in Capital Earnings Treasury Stock Total Stockholders Equity Preferred Stock Book Print rences Balance, January 1 Issue Common Stock Purchase Treasury Stock Resell Treasury Stock Issue Preferred Stock Declare Cash Dividends Net Income Balance, December 31 0 $ 0 0 0 $ $ $ $ 0 0 $