PROBLEM #2. ACCOUNTING FOR CORPORATIONS. (8 pts total) The following information relates to Duncan Inc's stockholder equity at January 1, 2018: Preferred stock, 88, $50 par value, 20o,000 shares outstanding Common stock, $10 par, 1,200,000 shares outstanding Analyze each of the following transactions A. Declared the annual cash dividend on the preferred stock and $1.50 a share cash dividend on the common stock. 2 pts What is the total preferred dividend? 2 pts What is the total common dividend? If only one class of stock (common or preferred) receives a dividend payment during the year, which class of stock is paid? 2 pts B. Declared a 10% common stock dividend. How many shares of common stock will be outstanding after this dividend is distributed? 2 pts