9A.Stock dividends Sometimes companies pay dividends in the form of additional shares of stock instead of cash. The impact of making distributions in the form of stock dividends is reflected in the statement of stockholders' equity. Consider the case of the Happy Turtle Transporters Corporation: The pre-stock dividend common stockholders' equity statement for Happy Turtle Transporters Corporation is as follows: Happy Turtle Transporters Corporation Pre-Stock Dividend Common Stockholders' Equity Suppose you own 100 shares of Happy Turtle Transporters's stock. Happy Turtle Transporters's stock is trading at a market price of $10 per share, and the company recently declared a 9% stock dividend. You are worried about the dilution of your earnings, so you'd like to make some calculations to evaluate the impact of the stock dividend on your investment. Based on your calculations, complete the following table: If Happy Turtle Transporters's pre-dividend earnings per share (EPS) was $1.50, then the post-distribution EPS will be be per share. After the distribution of the stock dividend, you would own 109 shares of Happy Turtle Transporters's stock, and the value of your wealth will be:(Note: Do not round intermediate calculation) $1,000$1,500$1,380 Suppose the state in which Happy Turtle Transporters is registered levies a capital impairment law. What will be the maximum amount of dividends that Happy Turtle Transporters can distribute if the capital impairment provisions define capital as the par value of the firm's common stock? (Hint: Use the pre-distribution data to answer this question.) $7,500,000$3,250,000