Paid In Capital In excess of par-common stock 12,000 QUESTION 2 Fenderistic Corporation has 2,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2017 What is the annual dividend on the preferred stock? o a $5 per share b, $10,000 in total c. $.05 per share. o d $1,000 in total QUESTION 3 INSTRUCTIONS: IN YOUR OWN WORDS, provide a brief, YET THOROUGH response to ANY T SENTENCES. Points will be deducted for grammar, spelling, sentence structure, etc. 1 What are the basic ownership rights of common stockholders in the absence of restrictive pro