Tamarisk Corporation issued 115,000 shares of $18 par value, cumulative, 8 % preferred stock on January 1, 2018, for $2,530,000. In December 2020, Tamarisk declared its first dividend of $730,000. Your answer is partially correct. Try again. Prepare Tamarisk's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indente manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) when amount is entered. Do not indent Account Titles and Explanation Debit Credit Cash 2530000 Preferred Stock 1800000 Paid-in Capital in Excess of Par-Preferred Stock SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT x Your answer is incomrect Try again, If the preferred stock is not cumulative, bow much of the $730,000 would be paid to common stockholders? S00 PM ere to search 11/30/2019 DELL PrtScr Insert Deleto PoUO Hom F8 F10 F1 F12 L U ILRI LNR UTEAT X Your answer is incorrect. Try again. If the preferred stock is not cumulative, how much of the $730,000 would be paid to common stockholders? X Common Stock Dividends SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT XYour answer is incorrect. Try again. If the preferred stock is cumulative, how much of the $730,000 would be paid to common stockholders? Common Stock Dividends Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT OE search