The effect on the accounting equation as the result of the declaration and distribution of a stock dividend is 7. an increase in assets and an increase in stockholders' equity a decrease in assets and a decrease in stockholders' equity A. B. an decrease in liabilities and an increase in stockholders' equity no effect on assets, liabilities or stockholders' equity C. D. A company began business in 2017 by issuing 6,000 shares of $40 par value, 8% prefered stock and 100,000 shares of $3 par value common stock. There is no treasury stock and the preferred stock is cumulative. The company has declared and paid the following dividends: 8. S 12,000 2017 2018 10,000 2019 50,000 Assuming no change in the number of shares outstanding during the years, determine the amount of the dividends allocated to the common stockholders in 2019 A. $14,400 B. $30,800 C. $21,600 D. $33,600 E. S0