Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Palepu Company at December 31, 2015, appears below. During 2016, the following transactions occurred: May 12 Declared and issued a 4\% stock dividend; the common stock market value was $18 per share. Dec. 31 Declared and paid a cash dividend of 75 cents per share. a. Using the financial statement effects template, illustrate the effects of these transactions. Use negative signs with answers when appropriate. When applicable, enter total amount for contributed capital. b. Prepare the journal entries for these transactions. c. Post the journal entries from b to the related T-accounts. d. Prepare a retained earnings reconciliation for 2016 assuming that the company reports 2016 net income of $283,000. Do not use negative signs with answers below. Please answer all parts of the