Please answer the following questions, Thanks!

Q1

Rhodes Wholesale Merchandise had 4.000 preferred shares of $5 no par value Issued at $20 per share and 15.000 common shares of no par value Issued at $25 per share throughout 2001. These data apply to each of the independent situations below. 1. Assuming that total dividends declared in 2001 were $35,000 and that the preferred shares are not cumulative, common shareholders should receive total 2001 dividends of $ 2. Assuming that total dividends declared in 2001 were $80,000 and that the preferred shares are cumulative with two years' preferred dividends in arrears on December 31, 2000. the preferred shareholders should receive 2001 dividends totalling $ 3. Assuming that total dividends in 2001 were $30,000 and that the preferred shares are cumulative with one year's preferred dividends in arrears on December 31, 2000, the preferred shareholders should receive 2001 dividends totalling $ 4. Assuming that total dividends declared in 2001 were $45,000, that the cumulative preferred shares were issued on January 1, 2000, and that $10,000 of preferred dividends were declared and paid in 2000. the common shareholders should receive 2001 dividends totalling $ 5. Assuming that total dividends declared in 2001 were $50,000 and that the cumulative preferred stock dividends have not been paid after 1999, the common shareholders should receive total 2001 dividends of 0. Assuming that the total dividends declared in 2001 were $190,000 and that the cumulative preferred shares received dividends in the following manner: In full up to 1997, $13,000 in 1998. $4.000 in 1999. and $15,000 in 2000; common shareholders should receive total 2001 dividends of Instructions: Match each itemi'event pair below with the Indicated change In the Item. An Individual classication may be used more than once, or not at all. For each dividend, assume that both declaration and payment or distribution has occurred. Classications A. Item increases B. Item decreases C. Item is unchanged D. Direction of change cannot be determined item 1. 2. Cash dividend 3. split 4 period adjustment increases 5. Restriction of retained earnings 6. in accounting principle 7. Stock dividend B. dividend 9. dividend 10. Stock dividend Event Book value per share Stock dividend Legal capital per common share Total retained earnings Stock Total shareholders' equity Prior last year's net income Earnings per common share Total retained earnings Change Number of common shares issued Total retained earnings Cash Total contributed capital Stock Legal capital per common share