2) Did the company pay dividends on its common stock during the year ended December 31. 2018? How do you know? If yes, what was the effect of those dividends on the balance sheet, the income statement, and the statement of cash flows? What entry (ies) did PepsiCo make related to dividends in 2018?

December 31, 2018 : $4,930 million paid in cash dividends

(3) Suppose that instead of paying cash dividends in 2018, assume that PepsiCo has issued 44.6 million shares in the form of a stock dividend, equating to $4,930 million. How would your responses to (2) change?