E10-32A. (Learning Objectives 2, 3, 4: Measure the e ects ofstock issuance, dividends. splits, and treasury-stock transactions) Identify the effects-both the direction and the dollar amount-of these assumed transactions on the total stockholders' equity of Ashby Corporation. Each transaction is independent. @ a. Declaration of cash dividends of $78 million b. Payment of the cash dividend in (a). c. A 20% stock dividend. Before the dividend, 68 million shares of$ 4.00 par common stock were outstanding; the market value was $16.47 at the time of the dividend. d. A 30% stock dividend. Before the dividend, 68 million shares of$4.00 par common stock were outstanding: the market value was $20.25 at the time of the dividend. e. Purchase of 2,300 shares of treasury stock (par value $4.00) at $15.25 per share. f. Sale of 400 shares of the treasury stock for $18.00 per share. Cost of the treasury stoclk was $15.25 per share. A 3-for-1 stock split. Prior to the split, 68 million shares of $4.00 par common stock were outstanding. aeoc comman stocl) The