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Consiber the following assumed transactions of Cheimstord Corporation. (3) (Criot the icon to viow the transactions) Requirement a. Declaration of cash dividends of $58 million.

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Consiber the following assumed transactions of Cheimstord Corporation. (3) (Criot the icon to viow the transactions) Requirement a. Declaration of cash dividends of $58 million. b. Payment of the cash dividend in (a). c. A 20% stock dividend. Before the dividend, 72 million shares of $3.00 par common stock were outstanding; the market value was $15.07 at the time of the dividend. d. A 50% stock dividend. Before the dividend, 72 million shares of $3.00 par common stock were outstanding; the market value was $18.50 at the time of the dividend. e. Purchase of 1,800 shares of treasury stock (par value $3.00 ) at $17.00 per share. f. Sale of 500 shares of the treasury stock for $18.00 per share. Cost of the treasury stock was $17.00 per share. g. A 3-for-1 stock split. Prior to the split, 72 million shares of $3.00 par common stock were outstanding

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