The following information applies to the questions displayed below) Brice Co. completed the followlng transactlons In 2016, the first year of operation: 1. Issued 40,000 shares of no-par common stock for $15 per share. 2. Issued 10,000 shares of $25 par 5 percent, preferred stock for $25 per share. 3. Pald a cash dividend of $12,500 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $20 per share. 5. Later that year, lssued a 2-for-1 spllt on the shares of outstanding common stock. The market prlce of the stock at that time was $60 per share. 6. Produced $200,000 of cash revenues and Incurred $92,000 of cash operating expenses. 7 closed the revenue, expense, and dividend accounts to retained earnings