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The following information applies to the questions displayed below] Sun Corporation received a charter that authorized the issuance of 81.000 shares of $5 par common

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The following information applies to the questions displayed below] Sun Corporation received a charter that authorized the issuance of 81.000 shares of $5 par common stock and 19,000 Chares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its irst two years of operation: 2018 Jan. 5 Sold 12,158 shares of the $5 par common stock for $7 per share. 12 Sold 1,989 shares of the 5 percent preferred stock for $11e per share. Apr. 5 Sold 16,280 shares of the $5 par common stock for $9 per share, Dec. 31 During the year, earned $329,8ee in cash revenue and paid $244,888 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for 2818. The dividend will be paid on February 15 to stockholders of record on January 18, 2819. 2019 Feb. 15 Paid the cash dividend declared on December 31, 2018. Mar. 3 sold 2,850 shares of the $1ee par preferred stock for s120 per share. May. 5 Purchased 458 shares of the common stock as treasury stock at 51e per share Dec. 31 During the year, earned $251,7ee in cash revenues and paid $177,eee for cash operating expenses 31 Declared the annual dividend on the preferred stock and a se.se per share dividend on the common stock. Required

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