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Cash and Stock Dividends Mandrich Corporation has 47,500 shares of $10 par value common stock outstanding. The company has $324,000 of retained earnings. At year-end,

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Cash and Stock Dividends Mandrich Corporation has 47,500 shares of $10 par value common stock outstanding. The company has $324,000 of retained earnings. At year-end, the company declares a cash dividend of $1.52 per share and a 5% stock dividend. The market price of the stock at the declaration date is $28 per share. Four weeks later, the company pays the dividends. Determine the financial statement effects of the following: a. the declaration of the cash dividend. b. the declaration of the stock dividend. c. the payment of the cash dividend. d. the payment of the stock dividend

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