What is total stockholders' equity given the following information? Common stock, $1 par, 40,000 shares authorized, 35,000 shares issued and 34,200 shares outstanding $35,000 Paid-in-capital-in excess of par, common stock 231,250 Treasury stock (800 shares common at cost) 7,200 Retained earnings 20,000 O $286,250 O $279,050 O $292,450 O $266,250 QUESTION 4 When a company declares a cash dividend on its common stock to be paid at a later date, which of the following is correct? Hint Think of the journal entry for declaring a cash dividend. O assets decrease, liabilities decrease, and stockholders' equity does not change O assets do not change, liabilities increase, and stockholders' equity decreases assets, liabilities, and stockholders' equity do not change no journal entry is required