Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $3.76 per share. Preferred stock Common stock (100,000 shares at $1.04 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity 95,000 104,000 217,000 350,000 $766,000 a. Show the effects on the firm of a cash dividend of $0.15 per share. b. Show the effects on the firm of a 5% stock dividend. c. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? a. The balance in preferred stock after the $0.15 cash dividend is $ (Round to the nearest dollar.)