Paste R13 JK L M N O P 4Clinton Corporation is in its third year of operation and has provided to you the 5 following information relating to the contributed capital of the corporation. 7 Common stock has been authorized in the amount of 5,000,000 shares. 500,000 8 shares have been issued and 200,000 are outstanding. The par value is $20 per 9 share and was sold at $25 per share. 10 11 Preferred stock has been authorized in the amount of 800,000 shares. 200 000 have 12 been issued and are outstanding. The preferred stock has an 6% dividend, a par 13 value of $20 and a sale price of $20. The preferred stock in noncumulative 14 15 16 Dividends declared and paid in 2014 2015 2016 so 18 19 20 5600,000 2015 23 24 Total Dividends Preferred 26 27 28 Dividends in Arrears 30 Current Year 32 Total 35 Preferred Total 40 Dividends in Arrears 42 Current Year 44 Total 45 Sheet1+ Ready