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Pumpkin Accounting Corp. began the year with 1,000,000 authorized and 234,000 issued and outstanding $10 par common shares. During the year, Pumpkin entered into the following transactions: a. Declared a $0.40 per-share cash dividend on March 10 . b. Paid the $0.40 per-share dividend on April 10. c. Repurchased 8,000 common shares at a cost of $24 each on May 2 . d. Sold 3,000 unissued common shares for $26 per share on June 9. e. Declared a $0.55 per-share cash dividend on August 10 . f. Paid the $0.55 per-share dividend on September 10. g. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Declared a $0.60 per-share cash dividend on November 10. i. Paid the $0.60 per-share dividend on December 10. Common Stock Additional Paid-In Capital-Common Stock e. Aug. 10 124,300X f. Sept. 10 Dividends Payable 124,300X Cash 124,300X g. Oct. 15 Dividends Declared 632,800 Common Stock 226,000X Additional Paid-In Capital-Common Stock 406,800 h. Nov. 10 Dividends Declared Dividends Payable 135,600 i. Dec. 10 Dividends Payable 135,600X 135,600 2. Determine the total dollar amount of dividends (cash 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