The stockholders' equity of Kinney Company at December 31, 2011, is shown below 5% preferred stock, $100 par value, 12,000 shares authorized: 5,000 shares issued and outstanding 500,000 Common stock, $5 par value, 400,000 shares authorized; 100,000 shares issued and outstanding Paid-in capital in excess of par value-preferred stock Paid-in capital in excess of par value-common stock Retained earnings Total stockholders' equity 500,000 40,000 600,000 656,000 $2,296,000 The following transactions, among others, occurred during 2012: Apr. 1 Declared and issued a 100% stock dividend on all outstanding shares of common stock. The market value of the stock was $11 per share Dec. 7 Declared and issued a 3% stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share Dec. 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2) a cash dividend of 80 cents per common share (a) Use the financial statement effects template to indicate the effects of these separate transactions Use negative signs with your answers, when appropriate Balance Sheet Contributed Earned Transaction Cash Asset Noncash AssetsiabilitiesCapitalCapital Dec. 7 Dec. 20 Income Statement