On January 1, 2015, Plank Corporation issued dollar 800, 000, 6 percentage, 5-year bonds for dollar 735,110. The bonds were sold to yield an effective-interest rate of 8 percentage, interest is paid semiannually on June 30 and December 31. The company uses the effective-interest method of amortization Required: Prepare the journal entries that Plank Corporation would make on January 1, June 30, and December 31, 2015. Related to the bond issue. Darling Corporation issued 200.000 shears of dollar 20 par value, cumulative. 5 percentage preferred stock on January 1, 2013, for dollar 4,500, 000. In December 2015, Darling declared its first dividend of dollar 800, 000. Instructions If the preferred stock is not cumulative, how much of the dollar 800, 000 would be paid to common stockholders? If the preferred stock is cumulative, how much of the dollar 800, 000 would be paid to common stockholders