CALCULATOR PRINTER VERSION Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Oullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $381,500 28,000 165,000 $574,500 On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend Par value after the stock dividend T 5 (b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. Common stock Paid-in capital in excess of par value Retained earnings