Question: Can someone explain the steps it takes to get the answers using this data? Do It! Review 11-3b Sandhill Co. has had 4 years of

Can someone explain the steps it takes to get the answers using this data?

Can someone explain the steps it takes to get the answers using

Do It! Review 11-3b Sandhill Co. has had 4 years of record earnings. Due to this success, the market price of its 455,000 shares of $4 par value common stock has increased from $14 per share to $54. During this period, paid-in capital remained the same at $5,460,000. Retained earnings increased from $4,095,000 to $3,300,000. CEO an Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-aer effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share. {a} 1. Stock dividend - retained earnings $ 2. 2-fdP1 stock split - retained earnings $ Eb) Original Balance After Dividend Aflaer Spill: Paid-in capital $ $ $ Retained earnings Total stockholder's equity $ 5 $ Shares outstanding in) 1. Stock dividend - par value per share $ 2. 2-fdP1 stock split - par value per share $

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