Sally Corporation has 80,000 shares of common stock (par value $8) outstanding.

Required:
Complete the following comparative tabulation based on two independent cases:
Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $15 per share. The dividend will be accounted for as a large stock dividend.
Case 2: The board of directors voted a 5-to-3 stock split (i.e., a 66.67 percent increase in the number of shares). The market price prior to the split was $15 pershare.

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Before After After Items Dividend and Split Stck Dividend Stock Split Common stock account Par per share Shares outstanding Capital in excess of par Retained earnings Total stockholders' equity $ 8 $280,000 $1,300,000