8-43. Identifying and Analyzing Financial Statement Effects of Dividends (L02) The stockholders' equity of Kinney Company at December 31, 2013, is shown below. 5percent preferred stock, dollar100 par value, 10,000 shares authorized; 5,000 shares issued and outstanding Common stock, dollar5 par value, 200,000 shares authorized; 60,000 shares issued and outstanding Paid-in capital in excess of par value-preferred stock Paid-in capital in excess of par value-common stock Retained earnings 300,000 40,000 300,000 656,000 Total stockholders^' equitydollar1,796,000 The following transactions, among others, occurred during 2014: Apr. 1 Dec. 7 Dec. 20