15. The shareholders' equity of Green Corporation includes $276,000 of $1 par common stock and $470.000 par of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $57,000 in 2021 after paying $27,000 cash dividends in each of 2020 and 2019. What is the amount of dividends common shareholders will receive in 2021? $38,800. $44,700. $12,300. $24,100. 16.On June 27, 2021, Cara Van Travel distributed to its common shareholders 500,000 outstanding common shares of its investment in Constance Noring Pillows. The book value on Van's books of Noring's $1 par common stock was $3.00 per share Immediately after the distribution, the market price of Noring's stock was $3.50 per share. In its income statement for the year ended June 30, 2023, what amount should Noring report as gain on disposal of the stock (ignore taxes)? $1,750,000 $250.000 SO $1,500,000 17.On January 1, 2021, the board of directors of Goby Inc. declared a $670,000 dividend. The following data is from the balance sheet of Goby on that date: Common stock Paid-in capitalexcess of par Retained earnings Paid-in capitalshare repurchase $630,000 430,000 517,000 63,000 How much is the liquidating dividend? a $303,000. b.$153,000. c. None of these answer choices are correct. d. $240,000. 18.Lucid Company declared a property dividend of 27,000 shares of its investment in $1 par Polk Company common stock. The Polk stock was purchased for $4 per share. The fair value of Polk's stock was $9 per share on the declaration date of the property dividend and $10 per share on the distribution date. What is the amount of the dividend? a. $243,000 b. $351,000 c. $270,000 d.$108,000. 19.On October 1, 2021, Chief Corporation declared and issued a 10% stock dividend. Before this date. Chief had 76,000 shares of $5 par common stock outstanding. The market price of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will: a. Not change. b.Decrease by $76,000. c.Decrease by $77,000 d. Increase by $76,000