Please answer question 3

3 How should a "gain" from the sale of treasury stock be reflected when using the cost method of recording treasury stock transactions? As ordinary earnings shown on the income statement. As paid-in capital from treasury stock transactions. As an increase in the amount shown for common stock As an extraordinary item shown on the income statement. Question 4 3 pts Jordan Corporation has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at December 31, 2015. There were no dividends declared in X1. The board of directors declares and pays a $90,000 dividend in 20X2 and in 20x3. What is the amount of dividends received by the common stockholders in 20x3? $30,000 $50,000 $90,000 SO D Question 5 3 pts Victoria, Inc. declared a $240,000 cash dividend. It currently has 9,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Victoria distribute to the common stockholders? $114,000 $126,000 $177,000