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Required information (The fovlowing information applies to the questions dispiayed beiow? Permabit Corporation was incorporated on January 1,2022 , and issued the following stock for cash: - 2,000,000 shates 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 issued on January 1, 2022, at $105 per share. - No dividends were declared or poid during 2022 or 2023. Howeves, on December 22, 2024, the board of directors of Permabiit Corporation declared dividends of $15,000,000, payable on February 12,2025 , to holders of record as of January 8,2025 Required: 1. Use the horizontal model for the issuance of common stock and preferred stock on January 1, 2022, Indicate the finanelal statement effect. 2. Use the horizontal model for the declaration of dividends on December 22, 2024. Indicate the financial statement effect. 3. Use the horizontal model for the payment ot dividends on February 12, 2025. Indicate the finaneial statement effect. Complete this question by entering your answers in the tabs below. Use the harizontal modet far the issuance of common stock and preferred stock on lanuary 1,2022 . Indicate the financiat statement offect: Note: Enter decreases with a minus sign to indicate a negatwe financial statement effect. - No dividends were declared or paid duing 2922 or 2023. However, on December 22, 2024, the bosed of ditecters of Firmabir Corporation declared dividends of 515,000,000, pnyable on February 12,2025,10 holders of record as of January 8,2025 Aequired: 1. Use the horizontal model for the issuance of common stock and pteferred stock an Jamuary 1,2022. Indicato the financlal statement eftech 2. Usen the horizantat madel for the deciaration of dividends on December 22, 2024. Indicate the fnancil statement effect. 3. Use the horizontal model for the payment of dividends on February 12, 2025. indicate the fronclal statement effect. Compiete this question by entering your answers in the tabs below. Usa the horizontal moder for the iscuance of common stock and preferred stock on lanuary 1, 20z2. Indicate the financial statement effect Note: Citer docrnases eith a minus sign to indlcate o negative financial statement efect, No di widends were declared or paid during 2022 or 2023 Howevei, on December 22,2024 , the board af drectors of Permabin Corparation deciared dilidends of $15.000,000, payable on February 12.2025,50 holders of tecord as of wanuary 8,2025 Required: 1. Use the horizontal model for the issuance of commen stock and preferred stock on January 1, 2022. Indicate the financlal statement elfect. 2. Use the horizental modes for the deciaration of dividends on December 22, 2024. Indicate the francial statement etfect. 3. Use the horizontal model for the poyment of dividends on February 12,2025 . Indicate the financial statement effect. Complete this quention by entering your answers in the tabs below. Use the horizontal model for the declaration of dividends on. December 22, 2024. Indicate the finsncial statement eftoct. Note: Enter decreases wish a minus sign to indicate o negative financial statement effect. Permebilt Cocporation decter paid during 2022 or 2023 . However, on December 22,2024 , the board of directors of January 8,2025 Required: 1. Use the horizontal model for the issuance of common stock and preferred stock on January 1,2022 . Indicase the finaricial statement effect. 2. Use the horizontal model for the declaration of dividends en December 22. 2024. lindicate the financial statement effoct. 3. Use the horizontal model for the payment of dividends on February 12, 2025. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Use the horizontal model for the payment of dividends on February 12, 2025. indicate the financiai statement effect. Notei Enter decreases with a minus sign to indicate a negative financial statement effect