Windborn Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1	$112,500
Year 2	36,000
Year 3	135,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

	Year 1	Year 2	Year 3
Preferred stock (Dividends per share)	$	$	$
Common stock (Dividends per share)	$	$	$

On January 22, Limerick Corporation issued for cash 13,000 shares of no-par common stock at $50. On February 14, Limerick issued at par 6,000 shares of 3%, $80 par preferred stock for cash. On August 30, Limerick Corporation issued for cash 19,000 shares of preferred 3% stock, $80 par at $87.

Journalize the entries to record the January 22, February 14, and August 30 transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

Jan. 22
Feb. 14
Aug. 30