| Week 7: Homework * WP NWP Assessment Player UI X APA Citation Generator (Fre X devry: Financial Accounting X ) Log In | Federal Student Ai X USAJOBS - The Federal Go x ) Koontz Chiropractic - Goo X 2 2011-2021 Dodge Challen( X + X C & https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=e8dcc537-276a-4122-be96-a8d895c081f0#/question/2 - Week 7: Homework Question 3 of 6 0.92 / 12 Question List X View Policies Show Attempt History Question 1 5/5 Accounting Dropdown Correct Current Attempt in Progress Question 2 5/5 The stockholders' equity accounts of Flint Corporation on January 1, 2022, were as follows. Accounting Dropdown Correct Preferred Stock (7%, $100 par noncumulative, 9,000 shares authorized) $540,000 Viewing Question 3 0.92 / 12 Accounting Multipart Partially correct Common Stock ($4 stated value, 540,000 shares authorized) 1,800,000 Paid-in Capital in Excess of Par Value-Preferred Stock 27,000 Question 4 5/5 Accounting Dropdown Correct Paid-in Capital in Excess of Stated Value-Common Stock 864,000 Retained Earnings 1,238,400 Question 5 7/7 Accounting Dropdown Correct Treasury Stock (9,000 common shares) 72,000 Question 6 - /11 Accounting Multipart Not started During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 9,000 shares of common stock for $54,000. Mar. 20 Purchased 1,800 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Dec. 31 Determined that net income for the year was $505,000. Paid the dividend declared on December 1. Part 1 7:13 PM 12/12/2021| Week 7: Homework * WP NWP Assessment Player UI X APA Citation Generator (Fre X devry: Financial Accounting X ) Log In | Federal Student Ai X USAJOBS - The Federal Go x ) Koontz Chiropractic - Good X D 2011-2021 Dodge Challen( X + X C & https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=edcc537-276a-4122-be96-add895c081f0#/question/2 to - Week 7: Homework Question 3 of 6