Answer follow question .Answer within 25 minutes . I will give you 3 upvote if answer is correct. Do fast

(a) Explain the effects of the cash dividend and stock dividend on a company's balance sheet. (3) (b) Orbit company reported the following balances at December 31. 2020: Common stock $700,000 Share premium 100,000 Retained earnings 300,000 During 2021, the following transactions affected shareholders' equity (1) Issued preferred stock with a par value of $150,000 for 250,000 (ii) Purchased treasury stock (common) for 60,000. (ii) Earned net income of $200,000. (iv) Declared and paid cash dividends of $70,000. (c) Prepare the stockholders' equity section of Orbit company's December 31, 2021, balance sheet. (8) (d) Calculate book value per share both at 31 December 2020 and 31 December 2021. (4)