Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1	$10,000
Year 2	45,000
Year 3	90,000

Determine the dividends per share for preferred and common stock for the second year.

a.$0 and $0.45

b.$2.25 and $0.45

c.$2.00 and $0.45

d.$2.25 and $0

A company with 116,000 authorized shares of $4 par common stock issued 45,000 shares at $14. Subsequently, the company declared a 2% stock dividend on a date when the market price was $32 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

a.$74,240

b.$28,800

c.$25,200

d.$3,600