9. Your Company purchased 1,000 shares of its own $2 par value common stock for $20 per share. Your Company then resold 200 shares of the treasury stock for $17 a share. What is the entry to the account "Paid in Capital, Treasury Stock" in the entry that records the resale of the stock? A. $3,400 debit B. $3,400 creditC. $600 debit D.$600 credit 10. A stock dividend: A. Is not a liability on the balance sheet. B. Does not reduce a corporation's assets and stockholders' equity C. Transfers a portion of equity from retained earnings to contributed capital. D. Does not affect total equity, but does affect the components of equity. E. All of these. 11. Your Corporation will distribute $80,000 to the two classes of stockholders this year. Including the current year, the preferred stock is three years in arrears. What is the dollar amount of the dividend that the common stockholders will receive? It has the following number of shares of stock outstanding at the dividend date: Non-cumulative Preferred stock, 5%. S 100 par Common stock, $10 par 3,000 shares A. $15,000 B. $80,000 C. $35,000 D. $ 45,000 E. $ 65,000