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: 
Using the following format, fill in the correct values for each year: 
Definitions:
Firing a Member
The process of terminating an individual's employment due to reasons such as performance issues, behavioral problems, or company downsizing.
Sanctions
Penalties or other means of enforcement used to encourage compliance with laws or regulations.
Norms
Shared beliefs or standards of acceptable behavior within a group or society.
Worst-case Scenario
The most severe or unfavorable outcome that may happen in a given situation.
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