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to go 6. The XYZ Company had 100,000 shares of 5%, $5 par value preferred stock authorized on January 1, 2020. On April 1,
to go 6. The XYZ Company had 100,000 shares of 5%, $5 par value preferred stock authorized on January 1, 2020. On April 1, 2021, XYZ issued 40,000 shares of the preferred stock into the marketplace for $9 a share. On October 1, 2022, XYZ bought back 10,000 shares of preferred stock at $4 per share. On December 31, 2022, XYZ paid its preferred shareholders a total annual dividend of: A) $25,000 B) $15,000 C) $10,000 D) $7,500 E) None of the above. HE
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