17) On December 31, 2021, the stockholders' equity section of Arizona, Inc., was as follows: Common stock, par value $6: authorized 50,000 shares; issued and outstanding 19,000 shares Additional paid-in-capital $230,000 Retained earnings 430,000 On April 1, 2022, Arizona declared an 5% stock dividend, and accordingly issued additional shares, when the fair value of the stock was $18 per share. For the year ended December 31, 2022, Arizona generated net income of $120,000. The balance of Arizona's retained earnings as of December 31, 2022 should be? 18) Cash dividends and liquidated dividends are similar in that both do not change total stockholders' equity. (True False) 3 19) State unemployment insurance paid should be included in an employer's payroll tax expense. (True False) 20) A pending court case with a probable unfavorable outcome is an example of a contingent liability which should be disclosed on the balance sheet and does require footnote disclosure. (True False)