History Bookmarks Window Help od Chapter 18 assignments Dinner MenuIH The Westem Pipe Company has the following capital section in its balance sheet. Iits stock is currently selling for $6 per share. Common stock (55,000 shares at $2 par) Capital in excess of par Retained earnings $ 110,000 110,000 280,000 Total equity S 500,000 The firm intends to first declare a 10 percent stock dividend and then pay a 15-cent cash dividend (which also causes a reduction of retain eanings). Show the capital section of the balance sheet after the first transaction and then after the second transaction. (Do not round intermediat calculations and round your answers to the nearest whole dolar.) Western Pipe Co. After Stock Dividend Common stock Capital in excess of par Retained earnings Total equity Western Pipe Co After Stock Dividend Common stock Capital in excess of par Retained earnings