1. The Waco Widget is planning to give an 8% stock dividend to its stockholders. The current stock price is $18.50. Based on the current equity accounts below, show the equity section of the balance sheet after the stock dividend.

Common Stock ($3 par) 360,000

Paid-In Capital 900,000

Retained Earnings 550,000

Total Capital 1,810,000

2. The Odessa Oxygen Co. has the following equity accounts:

Common Stock ($1.80 par) $5.76 million

Paid-In Capital $17.4 million

Retained Earnings $26 million

Total Equity 49.16 million

The current stock price is $325.

A. If the firm does a 9 for4 stock split, what would the new stock price be?

B. If an investor currently has 600 shares, how many will they have after the split?

C. Show the equity accounts after the split and include par and #shares