The following is a news item reported by Reuters: WASHINGTON, Jan 29 (Reuters)-Crossfire Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 2 million shares of common stock. In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions. After the sale there will be about 32.0 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing. Wright shares closed at $17.20 on Nasdaq. The common stock of Crossfire Medical Group has a par of $0.02 per share. Required: Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 Record the issuance of the new stock. Note: Enter debits before credits. Event 1 General Journal Debit Credit When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the equity offerings reported in December 2021: New Securities Issues Equity American Materials Transfer Corporation (AMTC)-9.5 million common shares, $0.001 par, priced at $14.168 each through underwriters led by Second Tennessee Bank N.A. and Morgan, Dunavant & Co., according to a syndicate official. Proactive Solutions Inc. (PSI)-Offering of 9 million common shares, $0.01 par, was priced at $15.40 a share via lead manager Stanley Brothers, Inc., according to a syndicate official. Required: Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 Record the issuance of the AMTC stock. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal > When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the equity offerings reported in December 2021: New Securities Issues Equity American Materials Transfer Corporation (AMTC)-9.5 million common shares, $0.001 par, priced at $14.168 each through underwriters led by Second Tennessee Bank N.A. and Morgan, Dunavant & Co., according to a syndicate official. Proactive Solutions Inc. (PSI)-Offering of 9 million common shares, $0.01 par, was priced at $15.40 a share via lead manager Stanley Brothers, Inc., according to a syndicate official. Required: Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 Record the issuance of the PSI stock. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 190 million shares of its $1 par common stock at $19 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2021, Western Transport reacquired 15 million shares at $22 per share. 2. On September 3, 2021, Western Transport sold 4 million treasury shares at $23 per share. 3. On November 4, 2021, Western Transport sold 4 million treasury shares at $20 per share. View transaction list Journal entry worksheet 1 2 3 Record the reacquisition of 15 million shares at $22 per share. Note: Enter debits before credits. Date January 23, 2021 General Journal Debit Credit Record entry Clear entry View general journal > The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $4 million, $17 million, and $180 million in its first three years of operation-2021, 2022, and 2023, respectively. Common stock Paid-in capital-excess of par, common Preferred stock, 5% Paid-in capital-excess of par, preferred ($ in millions) $130 950 260 670 Required: Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years, assuming that the preferred stock is cumulative and nonparticipating. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Par Value Preferred Stock Dividend Rate Annual Preferred Dividend Annual Preferred Dividend: % Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end 2021 2022 2023 Total