Question 28 (7 points) 28. What is the balance of the unamortized bond discount account at December 31, 2010 O A. $10,353 OB. $55,887 OC. $50,241 OD. $100,974 Question 29 (7 points) 29. USE THE FOLLOWING FOR QUESTIONS 29 and 30: Mason Company is to distribute a total of $75,000 as cash dividends. It has 200,000 common shares (par value $1.50 per share) and 50,000 4% preferred shares (par value $4 per share). The preferred stock is cumulative and fully participating and Mason did not pay dividends on the preferred stock in the preceding three years. How much would Mason distribute in dividends to common stockholders? O A. $75,000 B. $30,600 OC. $12,000 OD. $45,000 Question 30 (7 points) 30. How much would Mason distribute in dividends to preferred stockholders? O A. $30,000 OB. $75,000 OC. $32,000 OD. $44,400 Question 31 (7 points) 31. USE THE FOLLOWING INFORMATION FOR QUESTIONS 31 AND 32: On 3/1/14 Fox Corp bought back 1,000 shares of their common stock for $15 per share. There were no shares in the treasury prior to that. On 5/23/14 they sold 200 of those shares for $17 each. On 6/19/14 they sold another 400 shares of those shares for $10 per share. Consider writing out all of your entries on scratch paper to assist you in answering questions 31 and 32. What will the remaining balance in the treasury stock account be after all of the above transactions have been recorded? O A. $15,000 OB. Zero OC. $4,000 OD. $6,000 Question 32 (7 points) 32. At some point in these transactions, retained earnings would have been impacted. What will the total impact on retained earnings be? O A. Debit of $2,000 OB. Credit of $3,400 OC. Credit of $1,700 O D. Debit of $1,600