Sanders Corporation has the foliowing shares outsandinge 6,000 shares of $50 par valiee, eighteen perkent preferred stock and a0,000 wharnk of $1 par value cammon stock. The company has b. Prepare the journal entry for the payment of tha ravh wicu. Sanders Corporation has the foliowing shares outsandinge 6,000 shares of $50 par valiee, eighteen perkent preferred stock and a0,000 wharnk of $1 par value cammon stock. The company has b. Prepare the journal entry for the payment of tha ravh wicu