QS 11-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 5,500 shares of S100 par value, 7% cumulative preferred stock for $105 cash per shate 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) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamat Company's issuance of 5,500 shares of $100 par value. 79 cumulative preferred stock for 5105 cash per share View action in Journal entry worksheet A Pecord the love of $100 par value preferred stock for $105 cash per share. Taw