2. On November 14, 2016, the company declared a cash dividend of $5,000 payable to...
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2. On November 14, 2016, the company declared a cash dividend of $5,000 payable to stockholders on record at December 1, 2016, payable on January 5, 2017. At November 14, 2016 a total of 25,000 common stocks were outstanding. On December 5, 2016 they issued a total of 5,000 of common stocks. Also, there were 1,000 preferred stocks outstanding, 7%, par $100, issued at $110, cummulative. The company did not pay dividends on years 2014 nor 2015.
Prepare schedule to determine the dividend that should be paid for each of the following independent transactions
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