ove & Exit Check my Propiem 11-20A (AIgo) Recording and reporting Stock transactions and casn arvienas across two accounting cycles LO 11-3, 11-6 [The following information applies to the questions displayed below] Sun Corporation received a charter that authorized the issuance of 99,000 shares of $6 par common stock and 22,000 shares of $100 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation Year 1 Jan. 5 Sold 14,850 shares of the $6 par common stock for $8 per share. 12 Sold 2,200 shares of the 6 percent preferred stock for $110 per share. Apr. 5 Sold 19,800 shares of the $6 par common stock for $10 per share. Dec. 31 During the year, earned $314,900 in cash revenue and paid $237,100 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 3,300 shares of the $100 par preferred stock for $12e per share. May. 5 Purchased 550 shares of the common stock as treasury stock at $12 per shart. Dec. 31 During the year, earned $248,800 in cash revenues and paid $175,000 for cash operating expenses, 31 Declared the annual dividend on the preferred stock and a 50.58 per share dividend on the common stock Next > 16 17 of 18 Prev 1 MON Assets Liabilities Event No. Cash Dividends Payable Preferred Stock + Common Stock Paisin Capital Excess of Par Preferred to Cara Com Year 1 Jan 5 Jan 12 Apr. 5 Dec 31 Dec. 31 ++ . . ++++++ . + + + + Dec 31 Bal 0 0 0 + Year 2 17 Next > 16 of 18 HO Check my work Dec 31 Bal. 0 ++ 0 ++ 0 + 0 + 0 Year 2 Feb 15 Mar 3 May 5 Dec 31 Dec 31 Dec 31 0 0 + 0 Bal 0 4 CH of 2 + 10 0 0 + + + 10 0 + + + ped + IIIIII + ook + 0 ences 0 +