6-Sarina Company plans to issue a large stock dividend. In accounting for this transaction, what effects occur to the contributed capital section of stockholders' equity? Select one: A. Common stock increases by the total market value of the dividend B. Common stock increases by the number of dividend shares * par value per share, and retained earnings increases for the balance C. Retained earnings increases by the number of dividend shares * par value per share, and additional paid-in capital increases for the balance D. Common stock increases by the number of dividend shares x par value per share, and retained earnings decreases for the same amount -Gravel Company reported net income of $4,500,000 in 2021. The weighted average number of common shares outstanding during 2021 was 200,000 shares. Gravel paid $250,000 in dividends on preferred stock, which was convertible into 40,000 shares of common stock. How much is basic earnings per share for 2021? Select one: a. $21.25 b. $18.75 c. $22.50 d. $17.71 9-Sunny Company has 50,000 shares of $100 par value, 4% cumulative preferred stock and 150,000 shares of $10 par value common stock. Sunny declares and pays cash dividends amounting to $470,000. If no arrearage on the preferred stock exists, how much in dividends per share is paid to the common stockholders? Select one: a. $5.40 b. $1.80 c. $4.00 d. $3.13