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Cash Pavable Stock Question #12 (2) The board of directors of Integrated Enterprises declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15, 2021. The dividend is to be paid on August 15, 2021, to shareholders of record on July 31, 2021. Use the following tabular to assist in your reply. The table does NOT need to be posted. Assets - Liabilities Stockholders' Equity Dividends Common Revenuel-Expense- Required: Indicate clearly your letter answer choice below of the postings on July 15, 2021. a. Increase to Dividends Expense and Dividends Payable for $63,000. b. Decrease to cash and Dividends Payable for $63,000. Increase to Dividends Payable and decrease to Common Stock for $42,000. d. Increase to Cash Dividends and Dividends Payable for $63,000. Your letter answer choice: C. Question #13 (3) Mann Corporation decided to issue common stock and used the $200,000 proceeds to retire all of its outstanding bonds on January 1, 2022. The following information is available for the company for 2021 and 2022. 2022 $ 120,000 1,000,000 2021 $ 100,000 800,000 Net income Average stockholders equity Total assets Current liabilities Total liabilities 1.200,000 100,000 280,000 1,200,000 100,000 480,000 Required 1: Compute the return on common stockholders' equity for both years. [net income/Average Shareholders' Equity] Required 2: Explain how it is possible that net income increased, but the return on common stockholders' equity decreased

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