Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of DiFrancesco Company at March 31, 2019 is shown below. The following transactions, among others, occurred during the fiscal year ended March 31, 2020. April 15, 2019 Declare and pay preferred dividends of \\( \\$ 420,000 \\). April 15, 2019 Declare and pay common dividends of \\( \\$ 1.50 \\) per share. October 1, 2019 Execute a 3-for-1 stock split of the common stock when the stock price was \\$147 per share. March 1, 2020 Declare and pay common dividends of \\( \\$ 0.70 \\) per share. (a) Use the financial statement effects template to indicate the effects of these separate transactions. Note: Use negative signs with answers, when appropriate. (b) At March 31, 2020, the company reported net income for the year of \\( \\$ 8,900,610 \\). Compute retained earnings as of March 31, 2020. \\( q \\)