a. Declaration of cash dividends of $76 million. b. Payment of the cash dividend in (a). c. A 20% stock dividend. Before the dividend, 74 million shares of $3.00 par common stock were outstanding; the market value was $19.90 at the time of the dividend. d. A 40% stock dividend. Before the dividend, 74 million shares of $3.00 par common stock were outstanding; the market value was $14.25 at the time of the dividend. e. Purchase of 2,000 shares of treasury stock (par value $3.00 ) at $15.00 per share. f. Sale of 200 shares of the treasury stock for $16.00 per share. Cost of the treasury stock was $15.00 per share. g. A 3 -for-1 stock split. Prior to the split, 74 million shares of $3.00 par common stock were outstanding