Question 17 Not yet answered Marked out of 1.50 Flag question FAME Corporation is authorized to issue 2,000,000 shares of $1 par value common stock, and 200,000 shares of 10%, $ 10 par value preferred Stock. During 2019, the company has the following stock transactions. Entry 1 Issued 620,000 common shares of stock at $2 cash per share. Entry 2 Issued 40,000 preferred shares to purchase a land advertised for sale at $ 500,000. On this day, the preferred stock had a market price of $ 12 per share. Entry 3 Purchased 60,000 of its common shares from the market for the treasury, when the market price per common share was $ 3. Entry 4 Sold 20,000 shares of its treasury stock for $5 per share. Question: The number of outstanding common shares is................ NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000) Question 18 Not yet answered Marked out of 1.50 P Flag question RAMA Inc. has 3 types of shares. On 31/12/2020, the followings were outstanding shares: 130,000 share- Common stock, par $ 2 25,000 share- Preferred stock, $ 50 par, 8% 6,000 share-Cumulative preferred stock, $ 100 par, 5%. On this date, the company declared a total cash dividends of $ 420,000. It should be noted that the company did not pay any dividends during 2018 and 2019. Required: How much is the total cash dividends that common stockholders will get