UCONN Group has the following items in its current balance sheet: Common Stock 5,000,000 shares authorized, 1.200.000 issued $6,000,000 Capital Surplus $3,600,000 Treasury Stock on Common 100,000 shares $1,320,000 Cumulative Preferred Stock 17,000,000 authorized {8%} S2 par $12,000,000 Retained Earnings $30,180,000 1. UCONN Group wishes to announce a total cash dividend of $4,000,000. How is this dividend to be split between the common and preferred stockholders? 2 Suppose UCONN Group was five years in the arrears in paying the dividend to the preferred stockholders: then what is the total dollar amount of the preferred and common shareholder dividend? 3. How many shares of UCONN Group common stock are outstanding? How many shares of UCONN Group preferred stock are outstanding? s. Using the What was the average selling price of UCONN Group's common stock shares that are listed on the current balance sheet.? What was the average selling price of UCONN Group's preferred stock shares that are on the current balance sheet? 7. If UCONN Group announces a 4 for 1 stock split of the cumulative preferred, then what is the new total amount of the preferred stock? If UCONN Group were to provide for a 10% common stock dividend, then how many new shares are to be mailed to existing shareholders? 9. Assume in question 18 the market price of the common stock was $20 at the time of the stock dividend announcement. What is the journal entry to record the stock dividend? 10. Explain the concept of the reverse stock split