Question: Need help with this problem! Please fill in blanks! Do It! Review 11-3b Cullumber Company has had 4 years of record earnings. Due to this

Need help with this problem! Please fill in blanks!Need help with this problem! Please fill in blanks! Do It! Review

Do It! Review 11-3b Cullumber Company has had 4 years of record earnings. Due to this success, the market price of its 460,000 shares of $2 par value common stock has increased from $13 per share to $53. During this period, paid-in capital remained the same at $2,760,000. Retained earnings increased from $2,070,000 to $13,800,000. CEO Don 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-after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share

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