On February 4, the directors declare a 15% dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $32.50 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. 2. One stockholder owned 800 shares on February 5 before the dividend. Compute the book value per share and total book value of this shareholder's shares immediately before and after the stock dividend of February 5. 3. Compute the total market value of the investor's shares in part 2 as of February 5 and February 28. 13-8 York's outstanding stock consists of 80,000 shares of noncumulative 7 12% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operations the corporation declared and paid the following total cash dividends 2015total cash dividend$15,000 2016total cash dividend$28,000 2017total cash dividend $200,000 2018total cash dividend $100,000 Determine the amount of dividends paid each year to each of the two classes of stockholders preferred and common. Also compute the total dividends paid to each class for the four years combined. 13-9 Use the data in Exercise 13-8 to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also compute the total dividends paid to each class for the four years combined