Record the journal entries for the following facts: a. 500 shares of common stock outstanding. b. 600 shares of $100 six percent cumulative preferred stock have been outstanding since 2016. c. 800 shares of $100 seven percent non-cumulative preferred stock have been outstanding since 2010. d. The cumulative preferred stock is subordinate to the non-cumulative preferred stock. e. The common shareholders received a dividend in 2017. f. Dividends in 2018 were $5,000. g. Dividends declared by the board of directors were $16,000 in 2019. h. The dividends were paid twelve days after the board of directors declared them.

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer