As of January 1, 2021, a company's shareholders' equity consisted of the following components: ($ in millions) $ 360 Common stock, $1 par per share Paid-in capital - excess of par Retained earnings 180 260 During 2021, the following transactions relating to the company's shareholders' equity occurred: 1. The company declared and paid cash dividends of $60 million. 2. The company declared and issued a common stock dividend for 4 million shares when the market price per share was $4. No other changes occurred in shares outstanding during 2021. Indicate the impact of (1) the cash dividend, and (2) the stock dividend, on the following account balances: [Hint: To decide the impact of each event, prepare journal entries. For event (2), first decide if it is a large or small stock dividend. Note that before the stock dividend, the number of shares outstanding can be calculated as $360 total par = $1 par per share.] Impact of transactions on: (S in millions) Retained Earnings Common Stock Paid-in Capital - Excess of Par Total Shareholders' Equity. Total Assets (1) Cash dividend: (2) Stock dividend