4 pts D Question 16 On January 1, Shamrock Corporation had 70,000 shares of $9 par value common stock outstanding. On March 17, when the stock was selling at $15 per share, the company declared a 3:1 stock split. Immediately after the stock split, what should the stock's selling price be and how many shares of common stock will be outstanding. respectively? $5: 210,000 $5: 70.000 $15: 70,000 RJ Inc. declared a $315,000 cash dividend. It currently has 15,000 shares of 6%, $45 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will RJ distribute to the common stockholders? $315,000 $274,500 $81.000 $234.000