1. Happy Pets Corporation has 10,000 shares of 5%, $20 par noncumulative preferred stock, and 37,000 shares of common stock outstanding. Ink declared no dividends in 20X4. In 20X5, Ink declares a total dividend of $54,000. How much of the dividends go to the common stockholders? 2. True or False, Stock Splits increase the number of shares of stock issued while decreasing par value per share.