Seacrest Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:

Year 1	$20,000
Year 2	5,000
Year 3	30,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

	Preferred Stock (dividend per share)	Common Stock (dividend per share)
Year 1	$	$
Year 2	$	$
Year 3	$

Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles.

Aug.	26	Issued for cash 108,000 shares of no-par common stock (with a stated value of $5) at $9.
Oct.	1	Issued at par value 43,000 shares of preferred 1% stock, $10 par for cash.
Nov.	30	Issued for cash 15,000 shares of preferred 1% stock, $10 par at $12 . The declaration, record, and payment dates in connection with a cash dividend of $659,000 on a corporations common stock are June 15, August 10, and September 15. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Olde Wine Corporation has 265,500 shares of $30 par common stock outstanding. On February 15, Olde Wine Corporation declared a 1% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $50 per share on February 15. Journalize the entries required on February 15, March 27, and May 2. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.