On January 1, Year 1, a Company Had the Following

Essay

On January 1, Year 1, a company had the following transactions:
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- Issued 10,000 shares of $2.00 par common stock for $12.00 per share.
- Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share.
- Purchased 1,000 shares of previously issued common stock for $15.00 per share.
- No other shares of stock were issued or outstanding.
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The company had the following dividend information available:
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Year 1 - No dividend paid
Year 2 - Paid a $2,000 total dividend
Year 3 - Paid a $20,000 total dividend
Year 4 - Paid a $25,000 total dividend
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Using the following format, fill in the correct values for each year:
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