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On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000
On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15 per share. The company had the following dividend information available: Year 1 No dividend paid Year 2 Paid $2,000 total dividends Year 3 Paid $20,000 total dividends Year 4 Paid $25,000 total dividends Fill in the correct values for each year: If your answer is zero, please enter "0
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