please anser asap and 4 question

preferred stock outstanding at December 31, 2017. No dividends have been paid on this stock for 2016 or 2017. Dividends in arrears at December 31, 2017 total 19 Era Company has 6,000 shares of 58, $100 par non-cumulative s0 B) S3,000 c) 30, 000 D) 60,000 E) None of the above 20 On January 1, Layline Corporation had 160,000 shares of $10 par stock outstandi ng. On June 17, the company declared value common a 15% stock dividend to stoc value of the stock was $15 on transaction of June 17 would include a tock dividend to stockholders of record on June 20 June 17. The entry to record the A) debit to Stock Dividends for 9360, 000. B) credit to Cash for $360,000. C) D) cr E) None of the above credit to Common Stock Dividends Distributable for $360, 000. edit to Common Stock Dividends Distributable for $120,000. 21 Cherokee, Inc. paid $180,000 to buy back 20,000 shares of its $1 r value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a A) debit to Retained Earnings for $60,000. B) credit to Retained Earnings for $20,000. c) debit to Paid-in Capital from Treasury Stock for $180,000. D) credit to Paid-in Capital from Treasury Stock for $20,000. E) None of the above 22 Which of the following is not true of a corporation? A) It may buy, own, and sell property. B) It may sue and be sued. C) The acts of its owners bind the corporation. D) It may enter into binding legal contracts in its own name. E) None of the above ners' equity for a corporation is identified as each of the