Help Save & EX Submit Boxer Company owned 15,000 shares of King Company that were purchased in 2019 for $430,000. On May 1, 2021, Boxer declared a property dividend of 1 share of King for every 10 shares of Boxer stock. On that date, there were 48,000 shares of Boxer stock outstanding. The market price of the King stock was $22 per share on the date of declaration and $39 per share on the date of distribution. By how much is retained earnings reduced by the property dividend? Multiple Choice $0. $187,400. $105,600. Pug Corporation has 15,000 shares of $10 par common stock outstanding and 25,000 shares of $100 par, 5% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $225,000 dividend will be paid. What are the dividends per share for preferred and common, respectively? Multiple Choice $5.0; $6.7 $9.0; $0.0. $5.0; $4.0