12 Assume the following share capital structure for Wolf Inc. - Preferred shares, 6%, $25 par value, cumulative 2,000 shares outstanding, with dividends in arrears for the yoars 2018, 2019 and 2020 - Common shares, no par value, 2,000 shares outstanding. Total dividends declared in 2021 were $30,000. The total amount of dividends payable to common shareholders is Select one O a $30,000 O b. $27,000 O c. $21,000 O d. $18,000 The statement of earnings would not include Select one: On the effect on prior years of changes in accounting standards by the effect of non-operating transactions O the effect of discontinued operations Od the offect of impairment of goodwill 28.2 Which of the following events decreases shareholders' equity? Select one: O a Payment of a previously declared cash dividend. Ob. Declaration of a 5 percent stock dividend. Declaration of a cash dividend for preferred shares d. Declaration of a 2-for-1 stock split, Unsure