The Krusty Krab Company the following equity transactions du…
The Krusty Krab Company the following equity transactions during the current year, its first year of operations. Please select the appropriate horizontal model entry from the drop down box (be sure to consider all previous information!): Issued 10,000 shares of $8 par value common stock for $20 per share. Issued 6,000 shares of 4% preferred stock with a par value of $30 for $40 per share. Declared the annual dividend to preferred stockholders. Issued a 12% common stock dividend when the market price was $25 per share. Repurchased 4,000 shares of its own common stock for $50 per share. Resold 1,500 shares of previously purchased treasury stock at a current market price of $65 per share.