Total dividends 200000$

PROBLEM 7 - Burkert Company has 50,000 shares of $1 par value common stock issued an outstanding. The company also has 5000 shares of $100 par value, 6% cumulative preferred stock outstanding. Burkert did not pay the preferred dividends in 2018 and 2019. Record declaration of the dividends to preferred and common shareholders. During the month of February, B & B Builders, Inc. completed the following transactions re to its stock: February 2: Issued 3,000 shares of $1, Class A common stock for $15 cash per share. February 3: Issued 9,000 shares of $2, Class B common stock at par February 20: Issued 600 shares of $4 par value preferred stock for equipment with a fair market value of $5,000. Required: Record the stock issuance transactions in T accounts