Stock Dividends and Stock Splits At December 31, 2008, Green Company and Blue Company have identical amounts of common stock and retained earnings as follows:

Common Stock, $10 par, 50,000 shares authorized, 9,000 issued, 8,000 outstanding Retained Earnings, $500,000 At December 31, 2009, Green Company declares and issues a 100% stock dividend, while Blue Company declares and issues a 2-for-1 stock split.

Required Determine for each company the following amounts as of January 1, 2009:

Number of shares of common stock outstanding Par value per share of the common stock Total amount reported in Common Stock account Retained earnings