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Papke Payroll Service began the vear with 1,000,000 authonzed and 208,000 issued and outstanding $10 par common shares, During the year, Papke entered into the following transactions: a. Declared a $0.40 per-share castr dividend on March 10. b. Paid the $0.40 per-share dividend on April 10. c. Pepurchased 8,000 common shares at a cost of $24 each on May 2 d. Sold 3,000 tinissued common shares for $26 per share on June 9 . e. Declared a 50.55 per-share cash dividend on August 10. f. Paid the $0.55 per-share dividend on September 10 . 9. Declated and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Dedared a $0.60 perishare cash dividend on November 10 . 1. Paid the $0.60 per-share dividend on December 10. 2. Determine the total dollar amount of dividends (cash and stock) for the year. 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g. "Alfects assets", "Affects stockholders" equity", "No effect" or "Not a dividend trans. 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank. 2. Determine the total dollar amount of dividends (cash and stock) for the year. S. 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g. "Affects assets", "Nffects stockholders' equity", "No effect" or "Not a dividend transaction"). 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank