Wissam Company was established on January 1, 2017. The Companyissued 10,000 shares of common stock and 2,000 shares of preferredstock on that date. The preferred shares are cumulative, $100 par,with a 6% dividend rate. 2018 was the first profitable year of thecompany in which it declared a total cash dividend of $34,000 onDecember 31, payable on January 20, 2019.
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