7. Stock Dividend Comparison Although oriole Company has enough retained earnings legally to declare a dividend, its working capital is low. The board of directors is considering a stock dividend instead of a cash dividend. The common stock is currently selling at $34 per share. The following is Oriole's current shareholders' equity: $400,000 Common stock, $10 par Additional paid-in capital on common stock 800,000 $1,200,000 Total contributed capital 1,300,000 Retained earnings $2,500,000 Total shareholders' equity Required: 1. Assuming a 1596 stock dividend is declared and issued, prepare the shareholders equity section immediately after the date of issuance. Oriole Company Stockholders' Equity Common stock, $10 par Additional paid-in capital on common stock Total contributed capital Retained eamings Total shareholders' equity 2. Assuming, instead, that a 30% stock dividend is declared and issued, prepare the shareholders' equity section immediately after the date of issuance. Oriole Company Shareholders' Equity Common stock, $10 par ntpellexp activity service/runhtmishandlerisp?ide engagenow.comisxdm c-activityservice activity 14857112964068edm p-1 Page 1 of