ons Help Last edit was made 2 days ago by cheyenne schoenfeld mes New... BI UA 11 GD 2 3 4 5 6 EE I. Stockholders' equity Some of the account balances of Mali Company at December 31, 20x0 are shown below: 6% Preferred Stock ($100 par, 2,000 shares authorized) $ 20,000 PCIEP, Preferred Common Stock ($10 par, 100,000 shares authorized) PCIEP, Common Retained Earnings Treasury Stock-Preferred (50 shares at cost) Treasury Stock-Common (1,000 shares at cost) 3,000 500,000 100,000 304,000 5,500 16,000 The price of the company's common stock has been increasing steadily on the market; it was $21 on January 1, 20x1, advanced to $24 by July 1, and to $27 at the end of the year 20xl. The preferred stock was not openly traded, but was appraised at $120 per share during 20x1. 1) Give the proper journal entries for each of the following occurred in 20x1: (1) The company declared a property dividend of Washington stock on April 1. Mali had 8,000 shares of Washington stock which was purchased a few weeks ago for $91,495. The market value of Washington stock was $16 per share on April 1. (2) The company resold the 50 shares of preferred stock held in the treasury for $116 per share. (3) On July 1, the company declared a 5 % stock dividend to the common steckkholders III The price of the company's common stock has been increasing steadily on the market; it was $21 on January 1, 20x1, advanced to $24 by July 1, and to $27 at the end of the year 20x1. The preferred stock was not openly traded, but was appraised at $120 per share during 20x1. 1) Give the proper journal entries for each of the following occurred in 20x1: (1) The company declared a property dividend of Washington stock on April 1. Mali had 8,000 shares of Washington stock which was purchased a few weeks ago for $91,495. The market value of Washington stock was $16 per share on April 1. (2) The company resold the 50 shares of preferred stock held in the treasury for $116 per share. (3) On July 1, the company declared a 5 % stock dividend to the common stockholders. (4) On October 1, the company incurred a fire loss of $7,000 to its warehouse (ordinary loss). (5) On October 15, the company declared a cash dividend of $100,000. Assume the preferred stock is non-cumulative. Compute both common and preferred dividends and prepare journal entries. 2) Prepare the stockholders' equity section of the balance sheet at December 31, 20x1