UI UE WULL YOU HAVE Completed so far. It does not indicate completion QS 13-9 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,800 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. Answer is complete and correct. No Transaction Credit Debit 700,400 General Journal Cash Preferred stock, $100 par value Paid-in capital in excess of par value, preferred stock 680,000 20,400 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.) Answer is not complete. Dividend per Par Value per Preferred Share 6,800 Dividend Rate Number of Preferred Shares Preferred Dividend Preferred Share 8.0 %