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Required: Answer the questions on the following page in Excel and uplood your file to Moodle by the deadline specified by your instructor. Shown below

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Required: Answer the questions on the following page in Excel and uplood your file to Moodle by the deadline specified by your instructor. Shown below is the stockholders' equity section of Holiday Travels' balance sheet at December 31, 2023: During 2024, the following events occurred: Holiday Travels was authorized to sell 130,000 shares of $100 par, 8% preferred stock - Holiday sold 18,000 shares of the preferred stock at par value - A cash dividend of $256,000 was declared and paid - Holiday Travels declared and issued a 10\% stock dividend on the common stock when the market value of the stock was $21 per share > Net income for the year was $1,880,000 Required: Answer the questions on the following page in Excel and uplood your file to Moodle by the deadline specified by your instructor. Shown below is the stockholders' equity section of Holiday Travels' balance sheet at December 31, 2023: During 2024, the following events occurred: Holiday Travels was authorized to sell 130,000 shares of $100 par, 8% preferred stock - Holiday sold 18,000 shares of the preferred stock at par value - A cash dividend of $256,000 was declared and paid - Holiday Travels declared and issued a 10\% stock dividend on the common stock when the market value of the stock was $21 per share > Net income for the year was $1,880,000

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