Required information Problem 8-34 (Algo) Comprehensive problem-calculate missing amounts, issue price, net income, and dividends; interpret stock dividend and split LO 8-1, 8-2, 8-3, 8-4, 8-6, 8-7 [The following information applies to the questions displayed below.] Bacon Incorporated has the following stockholders' equity section in its May 31, 2022, comparative balance sheets: Problem 8-34 (Algo) Part e (1) Assume that on June 1 the board of directors declared a cash dividend of $0.34 per share on the outstanding shares of common stock. The dividend will be payable on July 15 to stockholders of record on June 15. e-1. Calculate the total amount of the dividend. Answer is complete but not entirely correct