Question 10 On January 1, Flounder Carp. had 61,s0o shares of no-par comman s stock issued and outstanding. The stock hasa stated valun of $4 per sharo. During the year, the fallowing transactions occurred Apr 1 Issued 11,700 add tional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.90 per share to stockholders of record on June 30. uly 10 Pald the $1.90 cash dividend. Dec. 1 Issued 5,200 additional shares of common stock for $13 per share Dec. 15 Declared a cash dividend on outstanding shares of $2.30 per share to stockholders of record on December 31 Prepare tabular summary to record the three dates that mo ved dividends. lfa transaction auses a decrease an Assets, Liabilities or stockholders buity, place Liability or Equity iton that was reduced. Roend answers to D decimal places, e.g. 5,276.) negative 50 n or parent eses n f the amount entered or the particular Asset, ont answors r Assets Liabilities+ stockholders' Equity Paid-in-Capital Retained Earnin45 Expense Cash D Dividend Pa yable + +Revenue June 15 uly 10 Dec. 15 Question 11 5andhill Co. had these transactions during the aurent period une 12 Issued 87,000 shares of s1 par value common stock for cash of $326,250. uly 11 Issued 2,750 shares of $103 par value preterred stock for cash at $110 per share Nov. 28 Purchased 2,150 shares of treasury stock for $7,900. Prepare a tabular summary to record the Sandhill Co. transactions. (ifa transaction causes a decroase in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Fquity item that was reducend) Assets Liabilities Stockholders' Equity Paid-in-Capital Treasury Stock Dividend Cash +Comnon StockPIC in Excess of Par Com Pref. Stock PIC in Excess of Par Prel. T Revenue Expense June 22 uly 11 Nov. 28