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On April 1, 10,000 shares of $7 par common stock were issued at $23, and on April 7, 5,000 shares of $70 par preferred stock were issued at $105. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Cash Paid In Capital in Excess of Par-Preferred Stock Preferred Stock Apr. 7 Cash Paid-In Capital in Excess of Par-Common Stock Common Stock Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places. If your answer is zero, please enter "0". Dividends per share Year 1 Year 2 Year 3 Preferred stock 0.5 $ 3.5 2 $ $ Common stock $ 0 $ 0.25 0.5 A company had stock outstanding as follows during each of its first three years of operations: 2,000 shares of 10%, $100 par, cumulative preferred stock and 32,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $15,000 15,000 7.5 EA 0 0 2 20,000 20,000 10 0 0 3 37,040 35,000 17.5 2,040 0.06