17) On December 31, 2021, the stockholders equity section of Arizona, Inc., was as follows:

Common stock, par value $5: authorized 50,000 shares;

issued and outstanding 18,000 shares

Additional paid-in-capital $230,000

Retained earnings 450,000

On May 1, 2022, Arizona declared an 8% stock dividend, and accordingly issued additional shares, when the fair value of the stock was $14 per share. For the year ended December 31, 2022, Arizona generated net income of $80,000. The balance of Arizonas retained earnings as of December 31, 2022 should be?

18) Stock dividends and liquidated dividends are similar in that both do not change total stockholders equity. (True/False)

19) Federal unemployment insurance paid should be included in an employers payroll tax expense. (True/False)