+ 10. Assume that ABC Company's Stockholders' Equity category of the balance sheet appears as follows as of January 1, 2018: Common stock, $15 par, 7,000 shares issued and outstanding Additional paid-in capital-common Retained earnings Total stockholders' equity $105,000 70,000 300,000 $475,000 Assume that Wei's common stock is selling at $35 per share on that date. A. Assume that on January 2, 2018, ABC declares a 10% stock dividend to common stockholders to be distributed on April 1, 2018. Determine the impact on the accounting equation of the journal entry to be recorded by ABC on Jan 2, 2018. Also how many shares of stock were issued in this stock dividend? B. Instead of (1) above, assume that on January 2, 2018, ABC declares a 100% stock dividend to be distributed on April 1, 2018. Determine the impact on the accounting equation of the journal entry to be recorded by ABC on Jan 2, 2018. Also how many shares of stock were issued in this stock dividend? C. Determine the impact on the accounting equation of the entry that would be made when the stock in (2) above is actually distributed on April 1, 2018. 11. Assume that ABC Company's Stockholders' Equity category of the balance sheet appears as follows as of January 1, 2018: Common stock, $15 par, 7,000 shares issued and outstanding Additional paid-in capital-common Retained earnings Total stockholders' equity $105,000 70,000 30,000 $205,000 Assume that ABC's common stock is selling at $35 per share on that date. What is the effect on the Stockholders' Equity section of ABC's balance sheet if the company issues a 3-for-1 stock split on January 2, 2018? 12. ABC incorporated as a new business on January 1, 2018. The company is authorized to issue 40,000 shares of $1 par value common stock and 10,000 shares of 4%, $5 par value, cumulative, participating preferred stock. On January 1, 2018, the company issued 15,000 shares of common stock for $8 per share. Net income for the year ended December 31, 2018, was $115,000. Cash dividends in the amount of $30,000 were declared, but only $25,000 were paid as of year-end. Prepare the Stockholders' Equity section of the balance sheet for Marvin's Shrimp Restaurant at December 31, 2018. Preferred stock, Stockholder's Equity Section of the Balance Sheet At December 31, 2018 %, $ par value, cumulative, participating, shares issued and outstanding....... shares authorized, shares authorized, Common stock, $ par value, issued and outstanding.. Additional paid-in capital-common stock.. Retained earnings.... Total stockholders' equity