Question 3 1 pts Unlike a stock split, a stock dividend requires a formal journal entry in the financial accounting records because stock dividends represent a transfer from Retained Earnings to Paid in Capital. increase the stockholders' equity in the issuing firm, are payable on the date they are declared. increase the relative book value of an individual's stock holdings. Question 4 1 pts The Mailer Corporation had the following classes of stock outstanding as of December 31, 2014: Common stock, $20 par value, 20,000 shares outstanding Preferred stock, 6 percent, $100 par value, cumulative, 2,000 shares outstanding. No dividends were paid on preferred stock for 2018 and 2019. On December 31, 2020, a total cash dividend of $200,000 was declared. What are the amounts of dividends payable on both the common and preferred stock, respectively? O $0 and $200,000 $164,000 and $36,000 $176,000 and $24,000 O $188,000 and $12,000