Analyzing and Identifying Financial Statement Effects of Dividends

The market price of the stock at the declaration date is $$25$ per share.

Using the financial statement effects template, illustrate the effects of these two separate dividends.

NOTE: Use negative signs with your answers, when appropriate.

NOTE: Select $"$N$/$A$"$ as your answer if a part of the accounting equation is not affected.

Please answer all parts of the question.

Analyzing and Identifying Financial Statement Effects of Dividends

Chaney Company has outstanding $48,000$ shares of $$10$ par value common stock. It also has $$325,000$ of retained earnings. Near the current year$-$end, the company declares and pays a cash dividend of $$1\mathrm{.}90$ per share and declares and issues a $4\%$ stock dividend. The market price of the stock at the declaration date is $$25$ per share.

Using the financial statement effects template, illustrate the effects of these two separate dividends.

NOTE: Use negative signs with your answers, when appropriate.

NOTE: Select $"$N$/$A$"$ as your answer if a part of the accounting equation is not affected. Additional paid$-$in capital

Cash

Common stock

Compensation expense

Dividends payable

Preferred stock

Retained earnings

Treasury stock

N$/$A

Those caret symbols need to be filled as well. second ss