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Ch14: Question 1: Company issue preferred stock 100000 share for cash $23 per share. The par value for preferred stock is $20,6%. 1) Journalize the issue of preferred stock? 2) Show the allocation of dividends to each class of stock: A) Dividend cash of 500000$, preferred is non- cumulative. B) Dividend cash of 500000$ preferred is cumulative and did not received dividend for the past 2 years. CH18 : Question 2: Operating data for AB Corporation are presented below: 2020 Net sales $ 750000 Cost of goods sold $ 465000 Selling expense $ 105000 Administration expenses $ 60000 Income tax expense $ 36000 Net income $ 84000 part1-Apply the vertical analysis for the following: 1) Cost of goods sold is? 2) Net income is? part2-Apply profit ratio: 3-Profit Margin is? 4- If you know the average of total assets is $115000 Asset turnover is? 5- If you know the average of total asset is $115000 Return on Assets is? CH19: QUESTION3: The following information is available for Kopps manufacturing company: Raw material inventory Aprili, $10000 April 31, $14000. Work in process inventory April 1, $5000. April31, $3500. Material purchased in April $98000. Direct labor in April $ 60000. Manufacturing overhead in April $180000. Prepare the cost of good manufactured schedule for month of April

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