26) Quirk Corporation issued a 100% stock dividend of its common stock which had a par value of $10 before and after the dividend. At what amount should retained earnings be capitalized for the additional shares issued? A) There should be no capitalization of retained earnings. B) Par value C) Fair value on the payment date D) Fair value on the declaration date 27) Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $520,000. How much of the proceeds would be allocated to the common stock? A) $276,250 B) $283,636 C) $236,364 D) $250,000 28) Which dividends do not reduce stockholders' equity? A) Property dividends B) Liquidating dividends C) Cash dividends D) Stock dividends