The Retained Earnings balance was $64120 on January 1. Net income for the year was $50,680. If Retained Earnings had a credit balance of $66,640 after closing entries were made for the year, and if additional stock of $14.560 was issued during the year, what was the amount of dividends declared during the year? Multiple Choice 536,400 566.360 $48.100 Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice O Debit Dividends Payable and credit Cash for $36,750. Deli Dividendo Debit Dividends and credit Dividends Payable for $36,750. o ooo Debit Dividends and credit Dividends Payable for $34.500. Debit Dividends Payable and credit Cash for 590,000 A company issued 8% preferred stock with a $100 par value. This means: Multiple Choice Only 8% of total contributed capital can be preferred stock. Preferred stockholders are guaranteed a dividend, O Preferred stockholders are entitled to 8% of the annual net income. O The potential dividend to preferred stockholders is $8 per share per year. Creston Enterprises has common stock with a par value of $5. During the current year, it declared and paid dividends of $20,000. It sold at $20 per share an additional 2.000 shares of stock that had not been previously issued. In addition, it had net income of $100,000 for the year. What is the amount of change to its stockholders' equity for the year? Multiple Choice 511 $120.000