18. Beldon, Inc., has outstanding 10,000 shares of $50 par value, 7% non-participating cumulative preferred stock and 10,000 shares of $10 par value value common stock.

If the dividend on preferred stock is one year in arrears, and the total cash dividend declared this year is $72,000, then the total amounts distributed to preferred and common stockholders, respectively are:

a. $21,000 and $51,000

b. $70,000 and $2,000

c. $27,000 and $45,000

d. $60,000 and $12,000

e. None of the above.

21. On September 1, 2013, Carl Company's balance sheet indicates there are 600,000 shares of $30 par value common shares in the Common Stock account and $4,500,000 in the Additional Paid-in Capital account. There are 2,000,000 shares authorized. On September 2, Carl splits its stock 2 for 1.

What is the dollar balance of Carl's common stock account immediately after the stock split?

a. $72,000,000

b. $36,000,000

c. $18,000,000

d. $9,000,000