At the beginning of the year 2021, Biotech Co. has 100,000 outstanding common stocks of $10 par value and no preferred stocks. In 2021, Biotech Co. has some following transactions affected stockholders equity: a. On January 1", the company issued 50,000 common shares at $15; per share. b. On June 1, the company issued 20,000, 10%, $50 par preferred stocks at $56 per share. c. On December 31", the preferred dividend and a common dividend of $1 per share are declared.