Ning Marivon Ning 04/17 Homework Homework 6 Question 7, P14-10 (similar to) Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The femi's common stock curently sells for $3.17 per shar Preferred stock Common stock (100,000 shares at $0.95 per Paid-in capital in excess of par Retained earnings Total stockholders' ey $100,000 95,000 202,000 370,000 $767000 HW Score: 0%, 0 of 8 points O Points: 0 of 1 a. Show the effects on the firm of a cash dividend of $0.05 per share b. Show the effects on the firm of a 15% stock dividend c. Compare the effects in parts a and b What are the significant differences between the two methods of paying dividends? The balance in preferred stock after the $0.05 cash dividend is $(Round to the nearest dollar)