Ret 1. Prepare the journal entry to record Tamas Company's issuance of 5,000 shares of $100 par value, 7 % cumulative preferred stock $102 cash per share. for Answer is complete and correct. ts Debit Credit General Journal No Transaction 510,000 Cash 500,000 Preferred stock, $100 par value 10,000 Paid-in capital in excess of par value, preferred stock 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Answer is complete but not entirely correct. Dividend Par Value Number of Preferred Shares Preferred Dividend Dividend Rate per Preferred Share per Preferred Share $ 10,000.00 500,000S 35.000 C 7.0 % 5.000