A company's share information is as follows: has outstanding 27 million shares of $3 par value common stock and 2.7 million shares of $5 par value, cumulative preferred stock. The preferred stock has a 8% dividend rate. The company declares $16,200,000 in total dividends for the year. Preferred Dividends in arrears are $810,000. a. Compute the amount of dividends to be distributed to preferred shareholders. (Enter your answer in whole dollars.) Preferred Dividend b. Compute the amount of dividends to be distributed to common shareholders. (Enter your answer in whole dollars.) Common Dividend When a company declares a 3-for-1 stock split, the number of outstanding shares Multiple Choice is tripled compared to the number of shares that were outstanding prior to the split. stays the same, but, the number of issued shares triples. Loooo Is reduced, and the number of issued shares is tripled. is reduced, and the number of issued shares is reduced to one-third of the original issued shares. What is the purpose of the statement of cash flows? Multiple Choice It illustrates the profitability of a company. It reports the financial position of a company at a specific point in time. It outlines the changes in stockholders' equity accounts from the beginning of the period to the end of the period. It is intended to provide a cash-based view of a company