Question 42 View Policies Current Attempt in Progress Marigold Company had these transactions pertaining to stock investments: Feb. 1 Purchased 3000 shares of Flint Company (10%) for $76500 cash. June 1 Received cash dividends of $3 per share on Flint stock. Oct. 1 Sold 3000 shares of Flint stock for $81600 less brokerage fees of $600. The entry to record the sale of the stock would include a credit to Gain on Sale of Stock Investments for $3000. debit to Stock Investments for $76500. debit to Cash for $81600. credit to Gain on Sale of Stock Investments for $4500. The following financial statement information is available for Sunland Corporation: Stockholders' equity - common Net sales Cost of goods sold Net income Inc tax expense Interest expense Dividends paid to preferred stockholders Dividends paid to common stockholders 2020 2012 $380000 $220000 840000 740000 350000 420000 120000 70000 50000 30000 10000 10000 30000 30000 10000 10000 The return on common stockholders' equity for 2020 is 28.8% 20.0%. 30.0% 31.6%