Packet Exercise 11.4 fyler Corporation was organized in 2018. Its corporate charter authorized the issuance of 500,000 shares of common stock with a par value $5 per share and 10,000 shares of 8% preferred stock. The preferred stock has a par value of $20 per share. Part A - Prepare journal entries for each of the following transactions: January 1, 2018 Sold and issued 45,000 shares of common stock for cash at $25 per share Date Account Debit Credit February 1, 2018 Sold and issued 5,000 shares of preferred stock for cash at par value ($20 per share). Date Credit Debit June 1, 2018 Purchased 7,500 shares of the company's own common stock at a cost of $24 per share. Debit Credit Date Account August 1, 2018 Reissued (sold) 1,000 shares of the treasury stock at $26 per share. Debit Credit Account Date October 1, 2018 Reissued (sold) another 1,500 shares of the treasury stock at $23 per share Account Credit Debit Date 179 Packet Exercise 11.4 Continuecd Part B-Compute the number of shares of common stock issued and outstanding at December 31, 2018. The company declared dividends totaling $100,000 on 12/31. Calculate the total and per share amount of dividends to be paid to the preferred and common shareholders. There were no dividends in arrears as of 12/31/2018. Part C- Assuming that the market price of the common stock was $25.55 per share on December 31, 2018, calculate the dividend yield ratio for the common stock