Complete the following requirements for each independent case. (Use Table 1 Table 2) Case A: The charter for Rogers Incorporated authorized the following capital stock: Common stock par $12 109000 shares Preferred stock 8 percent par value $10 per share 5800 shares The company sold 43000 shares of common stock and 4800 shares of preferred stock. During 2011 the following selected transactions were completed in the
order given: 1. Rogers declared and paid dividends in the amount of $10000. How much was paid to the holders of preferred stock? How much was paid to the common
stockholders? Preferred stock dividend: Common stock dividend: 2. Rogers purchased 13000 shares for treasury stock. After this transaction how many shares of common stock were outstanding? Shares outstanding: TABLE 2
TABLE 1