On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 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 per share. The company had the following dividend information available: Year 1 No dividend paid Year 2 Paid $2,000 total dividends Year 3 Paid $20,000 total dividends Year 4 Paid $25,000 total dividends Fill in the correct values for each year: If your answer is zero, please enter "0".   Year 1 Year 2 Year 3 Year 4 Common stock dividend $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Preferred stock dividend $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 Dividends in arrears $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12

Q: Common stock-$10 par value, 95,000 shares authorized, issued, and outstanding Paid-in capital in…

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Q: Instructions: prepare the journal entries on above transactions.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.