Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$ and a dividend rate of ​%. The stock is selling for ​$ in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of ​% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment​ banker? What is the cost of preferred stock for Kyle using the investment​ banker?

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000