2. How much would Lance have reported for total assets and retained earnings on December 31, 2013, if the firm had issued a 15% stock dividend on December 31, 2013? If total assets or retained earnings are not changed please select "No change" and enter zero ("0") in the amount box.

Total assets	No Change	by $ 0
Retained earnings	Decreased	by $

Stock Dividends and Stock Splits Lance Products' balance sheet includes total assets of $587,000 and the following equity account balances at December 31, 2013 Common stock, $2 par, 80,000 shares issued and $160,000 outstanding Additional paid-in capitol common stock 24,000 Total capital stock $184,000 Retained earnings 217,000 Total stockholders' equity $401,000 Lance's common stock is selling for $11 per share on December 31, 2013