A company whose stock is selling for $60 has the following balance sheet: Assets $25,000,000 Liabilities $ 9,000,000 Preferred stock 1,000,000 Common stock 1,200,000 ($12 par; 100,000 shares outstanding) Paid-in capital 1,800,000 Retained earnings 12,000,000 (a) Construct a new balance sheet showing the effects of a 4 percent stock dividend (i.e. calculate new amount for assets, liabilities, preferred stock, common stock, paid-in capital and retained earnings). (4 points) (b) What will be the approximate new price of the stock? (2 points)