questions are in screenshots pictures. please make answers in word documents.

1. Stockholders equity: 6% preferred stock, $100 par value, $20,000,000 500,000 shares authorized. Common stock, $10 par value,.......................................................$16,000,000 3,000,000 shares authorized Additional paid-in capital: Preferred stock $400,000 Common stock ................................................ $25,600,000 $ 26,000,000 Retained earnings............................................................................$4,500,000 Total stockholders' equity ............................................................... $66,500,000 a) \"6% preferred stock, $100 par value". Explain the meaning of this sentence in your own words b) How many shares of preferred stock have been issued? :1 How many shares of common stock have been issued? d) How much dividends to the preferred stockholderes receive? e) What is the market price of the common stock? f) What is the total amount of legal capital? g) What is the total paid-in capital? h) What is the book value per share of common stock? (Assume no dividends in arrears) i) What is the book value per share of common stock assuming that dividends are one year in arrears? 2. Prepare general journal entries to record these transactions. (18 points) Fido Corporation engaged in the following transactions involving treasury stock: a) Jan. 10 Purchased for cash 15,000 share of treasury stock at a price of $20 per share. Date Debit Credit Db Cr 3. Suppose, on September 1, 2019 Fido Corporation borrows $30,000 from its bank for a period of 8 months at an annual interest rate of 5%. Please do the following journal entries. (18 points) a) September 1, 2019 Fido corporation borrows $30,000 at an interest rate of 5% for 8 months b) Adjustment entry at year end on December 31. 2019 to record for the interest owed. c) Payment of the note on May 1, 2020. 4. Fido Corporation has common and 5% preferred stock outstanding as follows: Preferred stock: 20,000 shares, $30 par value Common stock: 60,000 shares, at $50 par value The company declares a total dividend of $100,000. If the dividends on preferred stock are TWO years in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock? (15 points) a) Preferred stock dividends: b) Common stock dividends