Question 8 of 12 0.41 / 1 E View Policies Show Attempt History Current Attempt in Progress Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,200 shares issued) $220,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 130,000 Retained earnings 447,000 Total $889,500 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,800 shares of its own outstanding common stock for $38 per share. Teal uses the cost method. 3. Reissued 600 treasury shares for land valued at $29,500. 4. Issued 500 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share. 6. Issued the stock dividend. 7. Declared the annual 2020 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021. Your answer is partially correct. Dronar unalent to record batraneatione doceribodabove rodit account vitae ar automatically indontaduhan mountie