Identifying and Analyzing Financial Statement Effects of Dividends The stockholders equity of Kinney Company at December 31, 2011, is shown below. 5% preferred stock,$100 par value, 10,000 shares authorized; 4,000 shares issued and $400,000 outstanding Common stock $5 par value, 200,000 shares authorized 50,000 shares issued and 250,000 outstanding 40,000 Paid-in capital in excess of par value- preferred stock 300,000 Paid-in capital in excess of par value-common stock Retained earnings $1,646,000 Total stockholders equity The following transactions, among others, occurred during 2012: Apr. 1 Declared and issued a 100% stock dividend on all outstanding shares of common stock. The market value of the stock was $11 per share. Dec. 7 Declared and issued a 3% stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share. Dec. 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2) a cash dividend of 80 cents per common share. (a) use the financial statement effects template to indicate the effects of these separate tral MacBook Pro