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Irrent Attempt in Progress Your answer is partially correct. On January 1, Concord Corporation had 55,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 8,400 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.40 per share to stockholders of record on June 30. July 10 Paid the $1.40 cash dividend. Dec. 1 Issued 4,400 additional shares of common stock for $11 per share. 15 Declared a cash dividend on outstanding shares of $1.50 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) The stockholders' equity section of Blue Spruce Corp's balance sheet at December 31 is presented here. From a review of the stockholders' equity section, answer the following questions. From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? $ pershare (c) What is the par value of the preferred stock? $ per share (d) If the annual dividend on preferred stock is $96,000, what is the dividend rate on preferred stock? (e) If dividends of $192,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? $ eTextbook and Media Attempts: 1 of 5 used

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