On danciary 1. Piccolo Company had a balance of $480.000 in its Common Stock account (\$10 par valuel. On Asiril 2, the canpany hseed an additional 2.000 shares of commen stack On zuly 1. Pkcolo Company declared a 10 C stocktividend. Then oo October : the coimpany announced a 2 for-1stock spliti. On December t. the compary then declared a 5.50 per share cash disidend. How much will be debited to Cash Dividends account to reffect the December 1 dikidend decdaratiant 5110,000 $50000 $55,000 none of thase andwir chouces are correct. eTectbookand Media