Cash Dividends on Common Stock Widebeest Corp, is authorized to issue 2,000,000 shares of common stock. At the beginning of the year, Wildebeest had 324,000 issued and outstanding shares. On July 2, Widebeest repurchased 4,610 stuares of its common stock at $28 per share, On March 1 and September 1, Wildebeest declared a cash dividend of $1.10 per share. The dividends were paid on April 1 and October 1. 3. Conceptual Connection: Explain why the amounts of the two dividends are different. The number of shares outstanding due to the purchase of treasury stock on July 2