Problem 8-1 5 points On October 1, 2021, Texas Inc Corporation declared a cash dividend to be paid on December 30 to shareholders of record on November 20. 1 2 Problem 8-2 5 points Arizona Co had the following stock issued and outstanding at January 1, 2021: 845,000 shares of $120 par common stock. 48,750 shares of $100 par, 5 percent, preferred stock REQUIRED Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). $487,500 On April 2, Arizona Co declared the annual cash dividend on its preferred stock and a $0.40 48,750 shares of per share dividend for the common shareholders. The dividends will be paid on June 1 to the shareholders of record on May 1. REQUIRED Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders. Show calculation of each component for full credit.

Problem 8-1 5 points On October 1, 2021, Texas Inc Corporation declared a $487,500 cash dividend to be paid on December 30 to shareholders of record on November 20. REQUIRED Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Problem 8-2 5 points Arizona Co had the following stock issued and outstanding at January 1, 2021: 1 845,000 shares of $120 par common stock. 2 48,750 shares of $100 par, 5 percent, preferred stock On April 2, Arizona Co declared the annual cash dividend on its proferred stock and a 50.40 per share dividend for the 48,750 shares of paid on June 1 to the shareholders of record on May 1. REQUIRED Determine the total amount of dividends to be paid to the preferred sharehoiders and common shareholders. Show calculation of each component for ful credit