Kraken Corporation has the following capital stock outstanding at the end of the current year:
Preferred stock, 6 percent, $15 par value, 8,000 outstanding shares Common stock, $8 par value, 30,000 outstanding shares
On October 1 of the current year, the board of directors declared dividends as follows: Preferred stock: Cash dividend, payable December 20 of the current year Common stock: 50 percent common stock dividend issuable December 20 of the current year
On October 1 of the current year, the market price of Kraken’s preferred stock was $40 per share, and the market price of its common stock was $32 per share.

Required:
Explain how the preferred stock dividend and common stock dividend affect the company’s total assets, total liabilities, and total stockholders’ equity.