ABC Co has the following owners' equity accounts: Record the declaration and issuance of the following dividends: - $0.10/ share cash dividend on the common stock - 10% stock dividend on the common stock. Current stock price =$13/ share - 50% stock dividend on the common stock Current stock price =$14/ share Assume the preferred stock is cumulative, and that dividends were not paid last year. The firm wishes to distribute $100,000 in cash dividends. How would the dividends be split between the common and preferred? (no entry; just the allocation amounts). Assume the common stock has the following INDEPENDENT splits. After each split, what would be the new number of shares and the new nar value ner share