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Student Support Help Desk Quiz Time left 0:14:35 1 A corporation reported $1,500,000 of profit for 2021. On October 1st 2021 it declared and paid the annual preferred dividends of $120,000. On January 1, 2021 this corporation had 60,000 and 180,000 outstanding common and preferred shares, respectively. The following transactions changed the number of Finish shares outstanding during the year: March 1st Declared and issued a 15% common share dividen May 31st Sold 90,000 common shares for cash August 1st Sold 25,000 preferred shares for cash November 30th Sold 40,000 common shares for cash How many additional shares were created on March 1st? Select one: O a. 207,000 O b. 27,000 O c. 9,000 O d. 15,000 O e. 69,000