PLINTER VERSION BEN Exercise 14-2 (Part Level Submission) Knudsen Corporation was organized on January 1, 2016. During its first year, the corporation issued 2,000 shares of $50 per value preferred stock and 103,000 shares of $10 per value common stock. At December 31, the company declared the following cash dividends: 2016, $5,500; 2017, $13,700; and 2018, 528,500 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. 2016 2017 2018 Allocation to preferred stock $ Allocation to common stock $ Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. $ Par value before the stock dividend Par value after the stock dividend $