Permabilt Corporation was incorporated on January 1 , 2 0 2 2 , and issued the following stock for cash 2 , 0 0 0 , 0 0 0 shares of no par common stock were authorized 7 5 0 , 0 0 0 shares were issued on January 1 , 2 0 2 2 , at $ 3 5 per share 8 0 0 , 0 0 0 shares of $ 2 0 0 par value, 7 5 cumulative, preferred stock were authorized 5 4 0 , 0 0 0 shares were issued on January 1 , 2 0 2 2 , at $ 1 0 5 per share No dividends were declared or paid during 2 0 2 2 or 2 0 2 3 However, on December 2 2 , 2 0 2 4 , the board of directors of Permabilt Corporation declared dividends of $ 1 5 , 0 0 0 , 0 0 0 , payable on February 1 2 , 2 0 2 5 , to holders of record as of January 8 , 2 0 2 5 Required Use the horizontal model for the issuance of common stock and preferred stock on January 1 , 2 0 2 2 Indicate the financial statement effect Use the horizontal model for the declaration of dividends on December 2 2 , 2 0 2 4 Indicate the financial statement effect Use the horizontal model for the payment of dividends on February 1 2 , 2 0 2 5 Indicate the financial statement effect Use the horizontal model for the issuance of common stock and preferred stock on January 1 , 2 0 2 2 Indicate the financial statement effect Note Enter decreases with a minus sign to indicate a negative financial statement effect

Question

Permabilt Corporation was incorporated on January 1 , 2 0 2 2 , and issued the following stock for cash  2 , 0 0 0 , 0 0 0 shares of no   par common stock were authorized  7 5 0 , 0 0 0 shares were issued on January 1 , 2 0 2 2 , at $ 3 5 per share  8 0 0 , 0 0 0 shares of $ 2 0 0 par value, 7   5   cumulative, preferred stock were authorized  5 4 0 , 0 0 0 shares were issued on January 1 , 2 0 2 2 , at $ 1 0 5 per share  No dividends were declared or paid during 2 0 2 2 or 2 0 2 3   However, on December 2 2 , 2 0 2 4 , the board of directors of Permabilt Corporation declared dividends of $ 1 5 , 0 0 0 , 0 0 0 , payable on February 1 2 , 2 0 2 5 , to holders of record as of January 8 , 2 0 2 5   Required  Use the horizontal model for the issuance of common stock and preferred stock on January 1 , 2 0 2 2   Indicate the financial statement effect  Use the horizontal model for the declaration of dividends on December 2 2 , 2 0 2 4   Indicate the financial statement effect  Use the horizontal model for the payment of dividends on February 1 2 , 2 0 2 5   Indicate the financial statement effect Use the horizontal model for the issuance of common stock and preferred stock on January 1 , 2 0 2 2   Indicate the financial statement effect  Note  Enter decreases with a minus sign to indicate a negative financial statement effect

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Permabilt Corporation was incorporated on January 1 , 2 0 2 2 , and issued the following stock for cash: 2 , 0 0 0

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