During the first year of operations, Eastern Data Links Corporation entered into the followings transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 sold 2 million common shares for $9 per share. 13 issued 40,000 common shares to attorneys in exchange for legal services. 13 sold 80,000 of its common shares and 4,000 preferred shares for $945,000 Nov. 15 issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000. Given the info above, the balance of Paid-in capital-excess of par, common stock account is: A. $20,268,000 B. $22,768,000 C. $22,993,000 D. none of the above which dividends do NOT reduce total stockholders' equity? cash dividends II. stock dividends III. property dividends A. 1 and III only. B. II and III only C. II only D. None of the above in determining diluted earnings per share, dividends on nonconvertible cumulative preferred stock should be: A. disregarded B. added back to net income whether declared or not C. deducted from net income only if declared D. deducted from net income whether declared or not