Question: please answer the following :) Use the following Information for the next 2 Items On February 20th, Golden Arch Company declared a $1.5 dividend per

 please answer the following :) Use the following Information for the please answer the following :)

Use the following Information for the next 2 Items On February 20th, Golden Arch Company declared a $1.5 dividend per share on its 1,000,000 shares of common stock. The dividend is payable on March 15th to shareholders of record March 2nd. The dividend announcement stated that $350,000 should be considered a return of capital and the rest as distribution of income. D Question 28 3 pts What is the dollar amount of the change in Golden Arch's Retained earnings account as a result of announcing and paying the dividend? D Question 29 2.5 pts What is the effect of announcing and paying the dividend on Golden Arch's i) total assets, and ii) common stock account? Oi) decrease, i) decrease O i) decrease, ii) no change i) no change, il) decrease i) no change. ii) no change

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