Chapter $17$ Dividends and Payout Policy

$9.$ Stock Splits $[$LO$3]$ In Problem $8,$ suppose the company instead decides on a $4-$for$-1$ split. The firm's $75-$cent per share cash dividend on the new $($postsplit$)$ shares represents an increase of $10$ percent over last year's dividends on the pre$-$stock. What effect does this have on the equity accounts? What was last year's dividend per share?

$\backslash$table$[[$Common stock $($$$1$ par value$),$$$225,000$