9. XYZ Company reported the following amounts on its balance sheet at December 1, 2018: Preferred stock, $2 par, 3,000 shares issued and outstanding Common stock, $10 par, 8%, 400 shares issued and outstanding Additional paid-in capital-common Total contributed capital Retained earnings Total stockholders' equity The following transactions occurred during December: $ 6,000 4,000 22,000 $32,000 48,000 $80.000 1. Declared a 20% stock dividend on common stock on December 3, when the stock was selling at $12 per share. The stock dividend will be distributed on December 20, 2018. 2. Distributed the common stock dividend on December 20. 3. Approved a 2-for-1 stock split of the common stock on December 28, when the stock was selling for $20 per share. A. Show the effect of the transactions on the accounting equation. Balance Sheet Income Statement Stockholders' Net Assets = Liabilities + Equity Revenues Expenses = Income B. How many common shares are outstanding at December 31, 2018? C. What effect will the stock split have on the stock's par value