Prepare the journal entry to record Tamas Company"s issuance of $6\mathrm{.}600$ shares of $$100$ par value, $6\%$ cumulative preferred stock for $$106$ cash per share.

Assuming the facts in part $1,$ if Tamas declares a year$-$end cash dividend, what is the amount of dividend paid to preferred shareholders? $($Assume no dividends in arrears.$)$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Assuming the facts in part $1,$ if Tamas declares a year$-$end cash dividend, what is the amount of dividend paid to preferred shareholders? $($Assume no dividends in arrears.$)$

$\backslash$table$[[\backslash$table$[[$Par Value per$],[$Prefierred$],[$Share$]],\backslash$table$[[$Dividend$],[$Rate$]],\backslash$table$[[$Dividend per$],[$Preferred$],[$Share$]],\backslash$table$[[$Numher of$],[$Preferred$],[$Shares$]],\backslash$table$[[$Prefiented$],[$Dividend$]]],[,\%,,,]]$