3. Columbia paper has the following stockholders equity account. The firm's common stock has a current market price of $30 per share. Preferred stock $100,000 Common stock (400,000 shares at $2 par) $20,000 paid-in capital in excess of par $ 280,000 Retained earnings $, 100,000 Total stockholders equity $500,000 A. show the effects on Columbia of a 5% stock dividend? B. Show the effects of (1) A 10% AND (2) A 20% stock dividend C. In light of your answers to parts a and b, discuss the effects of stock dividends on stockholders equity