the file have the questions

A) & B) Journal Entries
    a) Journal Entry to record the prefered stock:
    No.    Accounts     Debit    Credit    Calculations
    1    Cash    $ 8,873,000        $ 8,873,000
        Preferred Stock        $ 4,115,000    $ 4,115,000
        Additional Paid in capital in excess of par- Preferred        $ 4,758,000
    b) Journal entries to record the declaration and payment of cash dividend:
    No.    Accounts    Debit    Credit
    2    Preferred Dividend    $ 246,900        $ 246,900
        Preferred Dividend payable        $ 246,900
    3    Common Dividend    $ 745,000        $ 745,000
        Common Dividend Payable        $ 745,000
    4    Preferred Dividend Payable     $ 246,900
        Cash        $ ...