Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $2.85 per share. Preferred stock Common stock (200,000 shares at $0.98 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 100,000 196,000 183,000 340.000 $819,000 a. Show the effects on the firm of a cash dividend of $0.01 per share. b. Show the effects on the firm of a 1% 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 S0.01 cash dividend is $. (Round to the nearest dollar.) The balance in common stock after the $0.01 cash dividend is $ (Round to the nearest dollar.) The balance in paid-in capital after the $0.01 cash dividend is $ . (Round to the nearest dollar.) The balance in retained earnings after the $0.01 cash dividend is $(). (Round to the nearest dollar.) The balance in total stockholders' equity after the $0.01 cash dividend is S (Round to the nearest dollar.) b. The balance in preferred stock after the 1% stock dividend is $ (Round to the nearest dollar.) The balance in common stock after the 1% stock dividend is $ (Round to the nearest dollar.) The balance in paid-in capital after the 1% stock dividend is $ (Round to the nearest dollar.) Enter your answer in each of the answer boxes