After closing the books at month end on June 30, 2018, Clayton Corporation's stockholders' equity section shows the following balance Do not enter dollar signs or commas in the input. boxes. Scenario 1 The company declared and immediately distributed a 45% stock dividend. Current market price was $12. The company recorded the stoc dividend by debiting Retained Earnings. a) Calculate the balance of retained earnings after the stock dividend. b) Prepare the stockholders' equity section of balance sheet as at June 30,2018 (after the stock dividend has been distributed). b) Prepare the stockholders' equity section of balance sheet as at June 30,2018 (after the stock dividend has been distributed). Scenario 2 As a separate scenario from Scenario 1, the company implemented a 4-for-1 stock split. a) Calculate the number of outstanding shares. Outstanding shares: shares b) Prepare the stockholders' equity section of the balance sheet as at June 30,2018 (after the stock split has been completed) Scenario 2 As a separate scenario from Scenario 1, the company implemented a 4-for-1 stock split. a) Calculate the number of outstanding shares. Outstanding shares: shares b) Prepare the stockholders' equity section of the balance sheet as at June 30, 2018 (after the stock split has been completed)