Answer Happy

On January 1, Year 1, a company had the following transactions: - Issued 10,000 shares of $2.00 par common stock for $12.00 per share. - Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15.00 per share. - No other shares of stock were issued or outstanding. The company had the following dividend information available: Year 1- No dividend paid Year 2- Paid $2,000 total dividends Year 3- Paid $20,000 total dividends Year 4- paid $25,000 total dividends Fill in the correct values for each year. If your answer is zero, please enter "0". Year 1 Year 2 Common stock dividend Preferred stock dividend Dividends in arrears Year 3 Year 4