Common Dividends Papke Payroll Service began the year with 1,000,000 authorized and 236,000 issued and outstanding $10 par common shares. During the year, Papke entered into th following transactions: a. Declared a $0,40 per-share cash dividend on March 10 . b. Paid the $0.40 per-share dividend on April 10 . c. Repurchased 8,000 common shares at a cost of $24 each on May 2 . d. Sold 3,000 unissued common shares for $26 per share on June 9 . e. Declared a $0.55 per-share cash dividend on August 10 . f. Paid the $0.55 per-share dividend on September 10 . 9. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Declared a $0.60 per-share cash dividend on November 10 . 1. Paid the $0.60 per-share dividend on December 10 . 2. Determine the total dollar amount of dividends (cash and stock) for the year. 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g. "Affects assets", "Affects stockholders" equity", "No effect" or "Not a dividend transaction"). 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank. 2. Determine the total dollar amount of dividends (cash and stock) for the year. 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect is.. . "Affects assets", "Affects stockholders' equity", "No effect" or "Not a dividend transaction" 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not requlre an answer, leave it blank