2. Stock Dividends The owners' equity accounts for Hexagon International are shown here: Common stock ($1 par value) Capital surplus Retained earnings Total owners' equity $ 30,000 185,000 627,500 $842,500 a. If Hexagon stock currently sells for $37 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. b. If Hexagon declared a 25 percent stock dividend, how would the accounts change? a. New shares issued = 3,000 b. New shares issued = 7,500