On January 1, Year 1, a Company Had the Following

question 6

Essay

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.- No other shares of stock were issued or outstanding.​
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:

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Definitions:

Power Sources

Identifies the origins or bases from which power is derived, which can include economic, social, or political forces.

Nonhuman Machinery

Refers to mechanical or electronic devices not based on or derived from living organisms, often used in contexts highlighting interaction with human activities or societal implications.

Modernity

A historical period characterized by the movement towards industrialization, democratization, rationalization, and the emergence of modern society's norms and institutions.

Critiqued

Reviewed, analyzed, or evaluated with the intention of revealing faults or judgments.