Papke Payroll Service began the year with 1,000,000 authorized and 228,000 issued and outstanding $10 par comimon ahares: During the year, Papke entered into the following transactions:- a. Declared a 10.40 pershare cash divldend on March 10. b. Paid the $0.40 pershare dividend on April 10. c. Repurchased 8,000 commen shares at a cost or 524 each on May 2 e. Dedwred a $0.55 per-share cash dividend on August 10. f. Paid the $0.55 per-share dividend on September 10. 9. Deciared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Dedtared to to. 60 per-share cash dividernd on November 10 . 1. Paid the $0.60 per-share dividend on December 10. d. June 9 Cash Common Stock Additional Paid-In Capital-Common Stock 78,000 30,000 48,000 e. Aug. 10 Dividends Declared x Dividends Pavable x f. Sept. 10 Dividends Payable 9. Oct. 15 Dividends Deciared common Stock Additional Paid-In Capital-Common Stock h. Nov, 10 Dividends Declared Dividends Payable 1. Dec. 10 Dividends Payabie 136,800 x 2. Determine the total dollar amount of dividends (cosh and stock) for the year. x 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g, "Affects assets", "Affects stockholders' equity", "No effect" or "Not a dividend transaction"). 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank