Question 5pts Lawrence Company has 25,000 shares of 4%, $100 par value noncumulative preferred stock outstanding in the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $450,000. This dividend should be distributed to the company's preferred and common shareholders as follows: Preferred $200,000, Common $250,000 Preferred $100,000, Common $350,000 Preferred $350,000, Common $100,000 Preferred $250,000, Common $200,000 5 pts Question 7 Ollie Company issues bonds on January 1, 2019. The contract rate is 7%. The market rate is 8%. The bonds will be issued: at par at a discount at a premium