On May 1, 2021, Sheffield Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Sheffield had 201000 shares of $1 par value common stock issued and outstanding. The fair value of Sheffield's common stock was $25 per share on May 1, 2021. As a result of this stock dividend, Sheffield's total stockholders' equity

decreased by $25000.

decreased by $502500.

increased by $502500.

did not change.

2. Bonita Industries, has 15900 shares of 4%, $100 par value, cumulative preferred stock and 61400 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2019. The board of directors declares and pays a $101000 dividend in 2020 and in 2021. What is the amount of dividends received by the common stockholders in 2021?

$11200

$101000

$63600

$0