Problem 20. On January 1, 20xx, Rizzo Corporation was authorized to issive 100,000 shares of common stock, par value $5 per shane, and 20,000 shares of 5 percest peferred stock, par value $40 per share. Prepare journal entries to record the following 20xx transactions a. Issued 60 000 shares of common stock at $12 per share. b. Issued 12,000 shares of preferred stock at $56 por share. c. Declared cash dividend for prferred stockholders sufficient to meet the current-dividend preferenoe d. Desiared cash dividend fr common stookholders of SI per share. 21. Identify which section of the statement of eashflows (opersting, investing, financing) each of the following would be found Cash dividends paid b. Cash interest received c. Cash received from customers d. Cash paid for the prinelpal of a loan e. Cash proceeds from issrance of stock f. Cash interest pad Cesh parchase of equipement h. Cesh paid to employes for wages Foliowiog is the comparative income statements for Bryant Fashions, Inc. for 20x3 and 20x4: 22. Years ended Dee 31, Net sales Cost of goods sold Gross profit 2013 $79,029$91,748 51362 57.801 27,660 33,947 20x4 Selling, general and administrative expense 15.80619.26 11,854 14,680 Operating income Income taxes Net income 39515,505 Perform a vertical analysis by preparing a common-size income statement for both 20x3 and 20x4 round to the nearest whole percentage)