Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $2.74 per share. Preferred stock $ 95,000 Common stock (300,000 shares at $0.91 par) 273,000 Paid-in capital in excess of par 184.000 Retained earnings 370.000 Total stockholders' equity $922,000 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 10% 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 $0.01 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 $. (Round to the nearest dollar.) b. The balance in preferred stock after the 10% stock dividend is $ (Round to the nearest dollar.) The balance in common stock after the 10% stock dividend is $. (Round to the nearest dollar.) The balance in paid-in capital after the 10% stock dividend is $. (Round to the nearest dollar.) The balance in retained earnings after the 10% stock dividend is $ (Round to the nearest dollar.) The total stockholder's equity after the 10% stock dividend is $. (Round to the nearest dollar.) c. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? (Select from the drop-down menus.) V do not affect stockholders' equity; they only redistribute retained earnings into common stock and additional paid-in capital accounts. overall stockholders' equity. V cause a decrease in retained earnings and, hence, in