S 11-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 5,300 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 5,300 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. View transaction list Journal entry worksheet