Swifty Inc. has retained earnings of $840000 and total stockholders equity of $2050000. It has 318000 shares of $5 par value common stock outstanding, which is currently selling for $30 per share. If Land declares a 9% stock dividend on its common stock: O retained earnings will decrease by $143100 and total stockholders' equity will increase by $143100. O retained earnings will decrease by $858600 and total stockholders' equity will increase by $858600. O retained earnings will decrease by $858600 and total paid-in capital will increase by $858600. O net income will decrease by $143100. Crane Company is authorized to issue 9500 shares of 7%, $100 par value preferred stock and 450000 shares of no-par common stock with a stated value of $1 per share. If Crane issues 8500 shares of common stock to pay its recent attorney's bill of $36500 for legal services on a land access dispute, which of the following would be the journal entry for Crane to record? Organization Expense 36500 Common Stock 8500 Paid In Capital in Excess of Stated Value - Common 28000 8500 Organization Expense Common Stock 8500 Organization Expense 36500 Common Stock 8500 Organization Expense 8500 Common Stock 8500 Organization Expense 36500 Common Stock 8500 28000 Paid-in Capital in Excess of Par - Preferred O Organization Expense 36500 Common Stock 36500 Vaughn, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 63000 shares of $1 par value common stock outstanding at December 31, 2018. What is the annual dividend on the preferred stock? O $5000 in total O $0.05 per share $500 in total $5 per share