PART (B) The following is the stockholders' equity section of the balance sheet of Fairfield Corporation as of September 1, 2021: Preferred stock, 6%, non-cumulative $50 par. 40.000 shares authorized, 6,500 shares issued and outstanding....... $325,000 Common stock, S10 par, 3,000,000 shares authorized, 120,000 shares Issued and outstanding... 1,200,000 Paid-in capital in excess of par-common stock.. 420.000 Total paid-in capital/contributed capital.. $ 1,945,000 Retained earnings...... 467,200 Total stockholders' equity.... $ 2,412,200 Fairfield Corporation reported the following transactions during September, 2021: Sept. 1 Declared the required annual cash dividend on the preferred stock and a $0.70 dividend on the common stock. Sept. 8 Issued an additional 1,000 shares of 6% preferred stock for $100 per share. Sept. 15 Paid the dividends declared on September I. Sept. 16 Declared a 10% common stock dividend. The market value of the common stock was $20 per share Sept. 30 The board of directors announced a 2-for-1 stock split. Required: Show the dollar amount and the effect as increase, decrease, or no effect of each transaction on both total paid-in capital and total stockholders' equity. You may copy the template to your answer sheet to answer this question. Total paid-in capital Total stockholders' equity Date Sept. 1 Sept. 8 Sept. 15 Sept. 16 Sept. 30 (I cell - I mark, 10 cells - 10 marks)