Financial Statements for Question \#6 problem \#6 ( 10 points) The following 2 questions are about having a firm use its cash to either pay cash dividends ($2.50 per share) or to repurchase 1,000,000 shares (offering $36 per share). Using the balance sheet and income statement on the last page, please answer the questions below. a) (7 points) Describe how the dividend payments and the repurchases of shares would impact the financial statements differently (i.e., what are the impacts/changes on the income statement, the balance sheet, and/or the cash flow statement for each transaction - be specific and use values). b) (3 points) Why might some shareholders prefer one transaction over the other (e.g. "pros" and "cons" from the shareholder perspective)