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Check my work 10 6.66 points OS 11-11 (Algo) Preferred stock Issuance and dividends LO C2 Prepare the journal entry to record Tomas Company's issuance of 6,400 shares of $100 par volue, 8% cumulative preferred stock for $104 cash per share. 2. Assuming the facts in part 1, If Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) eBook Complete this question by entering your answers in the tabs below. Hint Print Required Required 1 Prepare the journal entry to record Tamas Company's issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share. View transaction list Reference Journal entry worksheet Record the issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share. Note: Enter debits before credits. Transaction 1 Cash General Journal Debit Credit Record entry View general Journal Clear entry Required Required 2 > Check my work 10 6.66 points OS 11-11 (Algo) Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tomas Company's issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share. 2. Assuming the facts in part 1, If Tamas declares a year end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) eBook Complete this question by entering your answers in the tabs below. Hint Print Required Required 1 Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Par Value Dividend Number of per Dividend per Preferred Preferred Rate Preferred Preferred Dividend Share Share Shares 1%