0.7 points Save Answer Question 2 Masterson Company has 490,000 shares of $10 par value common stock outstanding During the year Masterson declared a 15% stock dividend when the market price of the stock was $36 per share Three months later Masterson declared a 5.60 per share cash dividend As a result of the dividends declared during the year, retained earnings decreased by $2.984,100 $2.636,000 $2.910.000 5173.100