Question 20 1 pts On July 10, Sharon's Athletic Wear pada 10 stock divided to t hose of record of 1.On July 1, there were 40.000 shares of $1 par value stock issued and outstanding. No other changes were made during the period. Market value of the stock on the date of increase was $2. How much would be subtracted from retained earnings as a result of this dividend? $12.000 O $4.000 Unable to determine without more information 5400O D Question 21 1 pts In 2012. Tom's Shoes declared and paid cash dividends of $65.000. There were 6,000 shares of Ox $12 par value cumulative preferred stock outstanding. Dividends in arrears prior to the payment of the dividend equaled $11,520, How much of the cash dividends were paid to preferred shareholders? OSO $17.280 O $30440 O $65.000 O $5,760 Question 22 48