A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $760,000 61,000 $ 16 $ 5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: Multiple Choice 561,000 A company's board of directors votes to declare a cash dividend of $100 per share on its 12,000 common shares outstanding The journal entry to record the payment of the cash dividend is: Multiple Choice Debit Dividend Expense $12,000 credit Cash $12,000, Debit Dividend Expense $12.000 credit Common Dividend Payable $12.000 Debit Common Dividend Payable $12,000 credit Cash $12.000. West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10.000 shares in treasury stock. The journal entry to record the dividend declaration is: Multiple Choice Debit Retained Earnings $90,000 credit Common Dividends Payable $90,000 Debit Common Dividends Payable $95,000 credit Cash $95,000. Debit Retained Earnings $5,000 credit Common Dividends Payable $5.000