Superior Corporation has the following capital stock outstanding: Preferred stock, 6 percent, par $15, outstanding shares, 8,000.

Question:

Superior has the following capital stock outstanding:
Preferred stock, 6 percent, par $15, outstanding shares, 8,000.
Common stock, par $8, outstanding shares, 30,000.
On October 1, 2013, the board of directors declared a full preferred stock payable on December 20, 2013. On December 20, 2013, the market prices were preferred stock, $40, and common stock, $32.
Required:
Indicate the direction and amount of change in total assets, liabilities, and stockholders' equity as a result of:
(a) Declaration of the cash on October 1,
(b) Payment of the cash on December 20, and
(c) A 100 percent on December 20?
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