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Firm A had thefollowing selected items on its balance sheet:Cash$32,000,000Common stock ($60 par; 2,400,000shares outstanding)144,000,000Additional paid-in capital14,400,000Retained earnings68,000,000How would each ofthese accounts appear after:a cash dividend of $2per share? Round the number of shares outstanding to the nearestwhole number and the other answers to the nearest dollar.Cash$ Common stock ($ par;shares outstanding)$ Additional paid-in capital$ Retained earnings$ a 7 percent stockdividend (fair market value is $120 per share)? Use the originalbalance sheet from the problem statement. Round the number ofshares outstanding to the nearest whole number and the otheranswers to the nearest dollar.Cash$ Common stock ($ par;shares outstanding)$ Additional paid-in capital$ Retained earnings$ a one-for-threereverse split? Use the original balance sheet from the problemstatement. Round the number of shares outstanding to the nearestwhole number and the other answers to the nearest dollar.Cash$ Common stock ($ par;shares outstanding)$ Additional paid-in capital$ Retained earnings$
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