(c) 1. Stock dividend - par value per share $ 2. 2-for-1 stock split - par value per share $ Crane Company has had 4 years of record earnings. Due to this success, the market price of its 450,000 shares of $2 par value common stock has increased from $12 per share to $55. During this period, paid-in capital remained the same at $2,700,000. Retained earnings increased from $2,025,000 to $13,500,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2 -for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share. Flint Corporation has 3,900 shares of 8%,$100 par value preferred stock outstanding at December 31,2025 . At December 31 , the company declared a $126,500 cash dividend. Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios. 1. The preferred stock is noncumulative, and the company has not missed any dividends in previous years. Dividend paid to preferred stockholders $ Dividend paid to common stockholders $ 2. The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years. Dividend paid to preferred stockholders $ Dividend paid to common stockholders $ 3. The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years. Dividend paid to preferred stockholders $ Dividend paid to common stockholders $