View previous attempt Check my ww 7 2.25 points Required information Problem 11-27A (Algo) Recording and reporting stock dividends LO 11-4, 11-6, 11-7 [The following information applies to the questions displayed below] Brice Company completed the following transactions in Year 1, the first year of operation eBook 1. Issued 32,000 shares of no-par common stock for $20 per share. 2. Issued 8,700 shares of $30 par, 8 percent, preferred stock for $30 per share. Ask 3. Paid a cash dividend of $20,880 to preferred shareholders. Print References 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $25 per share. 5. Later that year, issued a 2-for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $70 per share. 6. Produced $194,000 of cash revenues and incurred $79,000 of cash operating expenses 7. Closed the revenue, expense, and dividend accounts to retained earnings. 7 2.25 points View previous attempt Check my work UTARIAM IRINAL WAIT A Required information i a. Record each of these events in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA) and net change in cash (NC). Leave blank to indicate that an element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign.) BRICE COMPANY eBook Horizontal Statements Model for Year 11 Ack Balance Sheet i Income Statement Pont Stockholders' Equity Event References Assets Liabilities + Revenue Expenses Preferred Common Retained Stock Stock Earnings Net Income Statement of Cash Flows + 1. 2 3