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Shiner, Inc. has 20,000 shares of 5%, $12 Par Cumulative Preferred stock outstanding and 68,000 shares...

Shiner, Inc. has 20,000 shares of 5%, $12 Par Cumulative Preferred stock outstanding and 68,000 shares of $1 Par Common Stock Outstanding. During 2020 & 2021, Shiner paid no dividends. In 2022 Shiner paid $26,500 in total dividends. Which of the following is correct?

(A) In 2022, Preferred stockholders received $12,000 and Common stockholders received $14,500.

(B) In 2022, Preferred stockholders received $24,000 and Common stockholders received $2,500.

(C) In 2022, Preferred stockholders received $36,000 and Common stockholders received $0.

(D) In 2022, Preferred stockholders received $26,500 and Common stockholders received $0.

On April 21, 2020, Sykes DSL issued 30,000 shares of $4 par value common stock for $16 per share. Which of the following statements is true?

(A) The Additional Paid-in Capital account will increase by $480,000

(B) The Common Stock account will increase by $120,000.

(C) The Cash account will increase by $120,000.

(D) Total stockholders' equity will increase by $360,000.

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