Use the incomplete Statement of Stockholders' Equity below for questions 5-7. Total Stockholders' Common Stock Retained Earnings Equity Beginning Balance $32,000 $23,000 $55,000 Issuance of $4,000 $4,000 Common Stock Add: Net Income $44,000 $44,000 for period Less: Dividends (1) (2) Ending Balance: (3) (4) $100,000 5. What should the value of dividends be? a. $3,000 b. ($3,000) c. $13,000 d. ($13,000) 6. In which box should the accountant put the dividends amount? a. 1 b. 2 c. 3 d. 4 7. What should be the amount recorded in box #4? a. ($3,000) b. $67,000 c. $64,000 d. ($64,000) 8. What does the term "debit" mean? a. Increase b. Decrease c. Left d. Right