Sources of equity, Stock issuance, and Dividends Tree Comfort Specialists, Inc., reported the following stockholders' equity on its balance sheet at June 30, 2011: Tree comfort specialists, inc Stock holders equity June 30, 2011 Paid-in Capital Preferred stock,7%, $5 par, 600,000 shares authorized, 220,000 shares used $1,100,000 Common stock, par value $1 per share, 9,000,000 shares authorized 1,340,000 shares issued and outstanding $1,340,000 Additional paid-in capital-common $2,900,000 Total paid in capital $5,340,000 Retained earnings $12,000,000 Total stockholders equity $17,340,000 1. Identify the different issues of stock that tree has outstanding. 2. What is the par value per share of tree's preferred stock? 3. Make two summary journal entries to record issuance of all tree stock for cash 4. No preferred dividends are in arrears. journalize the deceleration of a 400,000 dividend at June 30, 2011. Use separate dividends payable accounts for preferred and common.