Use the following information to answer questions 1-5 The Stockholder's Equity accounts of a corporation on January 1, 2019, were as follows: S 195,000 Preferred Stock (10%, $130 par, cumulative, 2,000 shares authorized) Common Stock (S5 par, 120,000 shares authorized) APIC Preferred 400,000 20,000 APIC Common 600,000 800,000 18,000 Retained Earnings Treasury Stock-Common ($15 cost) During 2019, the corporation had the following transactions and events relating to its stockholders equity Please update the shareholder's equity accounts based on the information below and answer the following five questions Issued 10,000 shares of common stock. On this date, the stock was trading for $13 per share Sold 1,000 shares of Treasury Stock -Common for $18 per share Purchased 3,000 shares of common stock for the treasury at a cost of $45,000 Determined that net income for the year was $218,000. Dividends were declared and paid during December. These dividends included dividends to preferred shareholders, plus a $0.10 per share dividend to common stockholders of record as of December 20. There were no dividends in arrears Jan. 6 Mar. 21 Dec. 12 Dec. 31 What is the total amount of dividends paid to prefered stockholders in December? 3. A. $19,500 B. $26,000 C. $1,500 D. $2,000 E. $195,000 What is the Retained Earnings balance as of December 31, 2019? 4. A. $989,820 B. $989,500 C. $983,000 D. $990,620 E. $990,500 5. What is total Stockholder's Equity as of December 31, 2019? A. $2,337,820 B. $2,347,820 C. $2,289,820 D. $2,195,500 E. $2,287,500