! Required information [The following information applies to the questions displayed below.] Treat each case as being independent from the other cases. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Case A: The charter for Rogers, Incorporated, authorized the following stock: Common stock, $10 par value, 103,000 shares authorized Preferred stock (noncumulative), 9 percent, $8 par value, 4,000 shares authorized The company sold 40,000 shares of common stock and 3,000 shares of preferred stock. During the year, the following selected transactions were completed in the order given: Required: 1. Rogers declared and paid dividends in the amount of $10,000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders? 2. Rogers repurchased 5,000 shares of common stock. After this transaction, how many shares of common stock were outstanding? 3. Provide the journal entry if Rogers sold 1,000 shares of treasury stock for $25 per share. The treasury stock was repurchased at $20 per share. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Provide the journal entry if Rogers sold 1,000 shares of treasury stock for $25 per share. The treasury stock was repurchased at $20 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1 Cash Additional paid-in capital < Required 2 Required 3 Debit Credit