The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 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 'o'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) Common stock (Dividends per share) Entries for issuing Stock On January 22, Shamrock Corporation issued for cash 27,000 shares of no-par common stock at $40. On February 14, Shamrock issued at par 10,000 shares of 6%, $60 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 23,000 shares of preferred 6% stock, $60 par at $66. Journalize the entries to record the January 22, February 14, and August 30 transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 22 Cash 1,080,000 Common Stock 1,680,000 Feb. 14 Cash 1,783,000 X Preferred Stock 1.420,000 x Aug 30 Cash 1,782,000 x 1.430,000 X Preferred Stock Paid In Capital in Excess of Par-Preferred Stock 162,000 X Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 1,000 shares have been reacquired Common Stock, $70 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $1,680,000 84,000 384,000 907,000 41,000 Stockholders' Equity Pald-in Capital LO Total Paid-in Capital Total Total Stockholders' Equity EXHIBITS Stockholders' Equity Section of a Balance Sheet Telex Inc. Balance Sheet December 31, 2047 $100,000 10,000 $ 110,000 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued)... Excess over par Paid-in capital, preferred stock... Common stock, $20 par (50,000 shares authorized, 45,000 shares issued).... Excess over par.... Paid-in capital, common stock. From sale of treasury stock. Total paid-in capital.. Retained earnings............. Total ........ Treasury stock (600 shares at cost). Total stockholders'equity.... $900,000 190,000 Method 1 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27.000) $1,525,000 $ 100,000 Stockholders' Equity Contributed capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued)....... Common stock, $20 par (50,000 shares authorized, 45,000 shares issued)..... Additional paid-in capital... Total contributed capital. Retained earnings... Total.... Treasury stock (600 shares at cost). Total stockholders'equity. 900,000 202,000 Method 2 $1,202,000 350,000 $1,552,000 (27,000 $1,525,000
