Please help! I would be extremely greatfuk if there were step by step details on how to solve these questions. Thank you in advance!
Required information TThe following information epplles to the questions displayed below? Permablt Corporation was incorporated on January 1, 2022, and issued the following stock for cashe - 2,000,000 shares of no-par common stock were authorized, 750,000 shares were issued on January 1, 2022, at $35 per share. - 800,000 shares of $100 par value, 7.5\% cumulative, preferred stock were authorized; 540,000 shares were isued on January 1,2022, at $105 per share. - No dividends were declared or paid during 2022 or 2053. Howevet, on December 22.2024, the board of directors of Permabit Corporation declafed dividends of $15,000,000, payoble en February 12,2025 , to holders of record as of January 8,2025 Prepare the journal entries to record each of the below transactions. Notet If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. 1. The issuance of common stock and preferred stock on January 1,2022. 2. The declaration of dividends on Docember 22, 2024. 3. The payment of dividends on February 12,2025. Journal entry worksheet 5. The poyment of dividends an Feoruacy 12, 2025. Journal entry worksheet Roter Enter isetits bebue trechit 3. The payment of dividends on February 12, 2025: Journal entry worksheet Hotec Erder delith Refore.credits. mectiled interimation 3. The payment of olvidends en February 12.2025 Journal entry worksheet (1) 2 Fecoord the payment of dividends. Motef tnte detiti before coutica. Required information [The following information applies to the questions displayed below] Permabe Corporation was incorporated on January 1, 2022, and issued the following stock for cash: - 2,000,000 shares of no-par common stock were authorized, 750,000 shares were issued on donuary 1.2.022, at 535 per share - 800,000 shares of 5100 par value. 7.5/ s cumulative, preferted stock were authorized; 540,000 shares were issued on January 1, 2022, at $105 per share. - No dividends were declared or paid during 2022 or 2023. However, on December 22, 2024, the beard of directars al Permabilt Corporation deciared dividends of $15,000,000, payable on February 12,2025,10 helders of recced an of January 8,2025 b. Of the total amount of dividends deciared during 2024, how much will be received by preferred sharoholders? Required information The following information applies to the questons displayed below. Permabilt Corporation was incorporated on January 1, 2022, and issued the following stock for cash: - 2,000,000 shares of no-par common stock were authoeized, 750,000 shares were issued on January 1, 2022, at $35 per share. - 800,000 shares of $100 par value, 7,58 cumulativo. preferred stock were authorized; 540,000 shares were issued on January 1.2022, at $105 per share. - No dividends were declared or poid during 2022 or 2023 . However, on December 22, 2024, the board of directors of Permabit Corporation declared dividends of $15,000,000, payoble on February 12.2025 , to holdeus of eecord 05 of January 8, 2025 . c. Calculate the common stock dlvidends per share declared during 2024. Note: Round your answer to 2 decimal places
