| Business 2 Busin me- Google Docs X in (2) Linkedin x Mail-Donald Rose - Out x extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.html 14. BI U AA EEEEEE Problem 1: Accounting for par, stated, and no-par stock issuances Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Requirement: Under each of the following separate situations determine how much of the cash proceeds should be allocated to common stock and how much to PIC in excess. 1. The stock has a $2 par value. Common Stock + PIC in excess 2. The stock has neither par nor stated value. Common Stock + PIC in excess 3. The stock has a $5 stated value. Common Stock + PIC in excess Problem 2. Accounting for dividends Which of the following statements are true regarding dividends? and cock dividends reduce retained earnings