Identifying and Analyzing Financial Statement Effects of Dividends The statement of shareholders equity of Reliable Storage Corporation for the year ended December 31, reports the following dividends paid to shareholders ($ thousands). Distributions to equity holders Preferred shares $151,421 Common shares $977,455 The year-end balance sheet includes the following ($ thousands except share data). Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 161,000 shares issued and outstanding $2,817,500 Common Shares, $0.10 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding $12,189 a. Use the financial statement effects template to indicate the effects of (a) the preferred dividend declaration and payments and (b) the common dividend declaration and payments. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. ($ thousands) Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues Expenses = Net Income (a) Preferred dividend payment Answer 0 Answer 0 = Answer 0 Answer 0 Answer 0 Answer 0 Answer 0 = Answer 0 Answer Common Stock Answer Additional Paid-in Capital-CS Answer Common Stock Answer Additional Paid-in Capital-CS Answer Retained Earnings Answer Cash Answer Additional Paid-in Capital-CS (b) Common dividend payment Answer 0 Answer 0 = Answer 0 Answer 0 Answer 0 Answer 0 Answer 0 = Answer 0 Answer Cash Answer Common Stock Answer Retained Earnings Answer Common Stock Answer Common Stock Answer Additional Paid-in Capital-PS Answer Preferred Stock b. Determine the dividends per share for both classes of stock. Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). Dividends per Share Preferred shareholders: Answer 188,101 Common shareholders: Answer 11.23