Instructions for Project 1: Project 1: Stockholders' Equity (10 points) Answer the following, based on the information given on the preceding page: Capital stock, as of December 31, 2021: # of common shares authorized Required: Answer the questions on the following page in Excel and upload your file to Moodle by the deadline specified by your instructor. # of common shares issued and outstanding Shown below is the stockholders equity section of Holiday Travels' balance sheet at # of preferred shares issued and outstanding December 31, 2020: Common stock, $2 par value, 5,000,000 shares authorized, $720,000 Amount of cash dividend to common stockholders 360,000 shares issued and outstanding 1,595,000 Additional paid-in capital 2,690,000 Amount of cash dividend to preferred stockholders Retained earnings $ 5,005,000 Total debit to Stock Dividends account Total stockholders' equity During 2021, the following events occurred: > Holiday Travels was authorized to sell 120,000 shares of $100 par, 6% preferred Additional paid-in capital, at December 31, 2021 stock Holiday sold 28,000 shares of the preferred stock at par value Retained earnings, at January 1, 2021 A cash dividend of $205,000 was declared and paid Holiday Travels declared and issued a 10% stock dividend on the common stock when Retained earnings, at December 31, 2021 the market value of the stock was $17 per share Total Stockholders' Equity, at December 31, 2021 Net income for the year was $1,480,000 START Content: ACCOUNTING 202 - SPRING 2022 WORKING Department of Accounting Mission Statement Department of A