4 million shares of common stock outstanding, and the present market price per share is $36. Its equity capitalization is as follows:

Common stock, $2.00 par $ 4,800,000 Additional paid-in capital 5,900,000 Retained earnings 87,300,000 Shareholders' equity $98,000,000

a. What would happen to these accounts if the company were to declare

(1) a 12 percent stock dividend? (2) a 5 percent stock dividend?

b. What would happen to the accounts if the company declared (1) a 3-

for-2 stock split? (2) a 2-for-1 stock split? (3) a 3-for-1 split?

c. What would happen if there were a reverse stock split of (1) I-for-$?

(2) 1-for-6?