1. Rams Company has 100,000 shares of $6 par value common stock outstanding. During the year, Rams declared a 40% stock dividend when the market price of the stock was $15 per share. Six months later, Rams declared a $.20 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by?

2. Montana, Inc. has outstanding 300,000 shares of $3 par common stock and 100,000 shares of no-par 5% preferred stock with a stated value of $8. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $210,000 will be distributed as a dividend in the current year, how much will the common stockholders receive?

3. On March 1, 2021, Albany Company issued 2,500 shares of its $5 par common stock and 6,000 shares of its $8 par preferred stock for a lump sum of $180,000. At this date Albany common stock was selling for $32 per share and the preferred stock for $24 per share. The amount of the proceeds allocated to Albanys APIC-PS should be?