Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $3.04 per share. Preferred stock $ 91,000 Common stock (300,000 shares at $0.92 par) 276,000 206,000 350,000 $923,000 Paid-in capital in excess of par Retained earnings Total stockholders' equity 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.)