2 pt Priam Inc. had 20,000 shares of $5 par value common stock outstanding prior to a large 10% common stock dividend declaration and distribution. The market value of the common stock on the declaration date was $11. Which of the following statements correctly describes the effect of the common stock dividend and declaration? O Retained earnings decreased by 10,000 O Stockholders equity decreased by 22.000 O Stockholders equity decreased by 10,000 O Retained earnings decreased by 22.000 2 Paris Farms borrowed X10 million by signing a five-year notes payable on December 31, 2018. Repayments of the principal on this note are payable annually in installments of 2 million each. Paris Farms makes the first payment on December 31, 2019 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with the note payable at December 31, 2019, after the first payment is made? Ignore any possible interest accruals. O 0 (zero) in current liabilities and 10 million in long-term liabilities O 2 million in current liabilities and 6 million in long-term liabilities O 0 (zero) in current liabilities and 8 million in long-term liabilities O2 million in current liabilities and 48 million in long-term liabilities