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On January 1, Year 1, a company had the following transactions:
- Issued 10,000 shares of $2.00 par common stock for $12.00 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 $15.00 per share.
The company had the following dividend information available:
Year 1 - No dividend paid
Year 2 - Paid a $2,000 total dividend Year 3 - Paid a $20,000 total dividend Year 4 - Paid a $25,000 total dividend
Using the following format, fill in the correct values for each year:
Present
The current moment or period of time.
TOTE Model
A cognitive model that stands for Test-Operate-Test-Exit, describing a process of problem-solving that involves testing a situation, operating to change it, testing the change, and exiting if the outcome is satisfactory.
Motivations
The reasons or forces that drive an individual to engage in particular behaviors or actions.
Autonomy
The right or condition of self-governance, or the ability of an individual to make their own choices and decisions.
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