Lennox Company has been authorized to issue 50,000 shares of $5.00 par value, 7% preferred stock and 20,000,000 share of 5.25 par value common stock December 31, 2020, the following accounts were found on the ledger On Preferred Stock (non cumulative) Pald-in Capital in Excess of Par Pref Common Stock Paid in Capital in Excess of Par-Common Treasury Stock 50 000 shares) Paid in Capital from Treasury Stock Retained Earnings $120,000 350,000 1.250.000 2.200.000 190,000 39,000 970,000 Journalize the following entries for Lennox (Ignore the first problem) 1. Declared a 5.75 cash dividend per share to common stockholden of record on September 1, payable October 1 3. Declared a dividend on the preferred stock Declared a 10% stock dividend to stockholders of record on December 1, distributable December 31 The market price of the common stock was $11 per $ share 9 Declared and paid a $1.00 cash dividend on the common shareholder AFTER after the 10% stock dividend had been distributed Sta 2. for 1 stock soll do announced AFTER the 10% stock dividend has been duibuted, how many shares will then be outstanding