S 11-11 (Algo) Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,800 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 6,800 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. View transaction list Journal entry worksheet A Record the issuance of 6,800 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 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.) Par Value per Dividend per Preferred Share Dividend Rate Preferred Share Number of Preferred Shares Preferred Dividend % < Required 1 Required 2 >