I want solve E3A & E5A

accounts and balances that follow are from Hastings Corporation's recoeds on ber 31,2014 Preferred Stock, $100 par value, 9 percent cumulative, 10,000 shares authorized 6000 shares ssued and outstanding Common Stock $12 par value 45,000 shares authortzed, 30,000 shares Isued 5600,000 and 28,500 shares outstanding Additional Paid in Capital Retained Earrings Treasury Stock, Cornmon (1,500 shares, at cost 350,000 94.000 3.000 Prepare the stockholders' equity sectioa of Hastings' balance sheet as of December 31, 2014. racteristics of Common and Preferred Stock Indicate whether each of the following characteristics is more dloschy associated in common stock (C) or preferred stock (P) 1. Can be callable P 2. Generally receives dividends before other chsses of stock 3. Often reccives dividends at a set rate f 4. Is considered the residual equity of a company 5. Can be convertible 6. More likey to have dividends that vary in amount from year to year C 7. Can be entitied to reccive dividends not paid in past years 8. Likely to have full voting rights 9. Receives assets first in liquidation 6. Cambe domdtib epay Lo2 Cash Dividends with Dividends in Arrears Eah utherford Corporation has 20,000 shares of its $100 par value, 7 percent cumua ive prefared stock outstanding and 100,000 shares of its S1 par value common stock outsunding: In Rutherford's first four years of operation, its board of directors paid the following cash dividends: 2011, none; 2012, $240,000; 2013, $280,000; 2014, $280,000. Determine the dividends per share and total cash dividends paid to the pre- ferred and common stockholders during cach of the four years Cash Dividends on Preferred and Common Stock EsA Ex-Act Corporation pays dividends at the end of each ycar. The dividends that LO2 paid for 2012, 2013, and 2014 were $160,000, S120,000, and $360,000, respec- ively. Calculate the total amount of dividends Ex-Act paid in cach of these years to its common and preferred stockholders under both of the following capital strucures: (1) 40,000 shares of $100 par, 6 pcrcent noncumulative prcferred stock and 120,000 shares of S10 par common stock; (2) 20,000 shares of $100 par, 7 percent ?mulative preferred stock and 120,000 shares of S10 par common stock. Ex-Act had no divideads in arrears at the beginning of 2012. L023 Stock Entries Using T Accounts; Stockholders' Equity Gormanas Corporation was organized in 2014. It was authorized to issuc 400,000 shares of no par common stock with a stated valut of $5 per share, and 80,000 shares of $100 gar value, 6 percent noncumulative preferred stock. On March 1, the company issued 120,000 shares of its common stock for $15 per share and 16,000 shares of its preferred stock for $100 per share. 1. Record the issuance of the stock using T accounts. 2. Prepare the stockholders' equity scction of Gormanus' balance sheet as it would appear immediately after the company issued the common and preferred szock