Blossom Company has had 4 years of record earnings. Due to this success, the market price of its 360,000 shares of $2 par value common stock has increased from $12 per share to %51. During this period, paid-in capital remained the same at $2, 160,000. Retained earnings increased from $1, 620,000 to $10, 800,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before and after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share. (a) 1. Stock dividend - retained earnings $ 2. 2-for-1 stock split - retained earnings $ (b) (c) 1. Stock dividend - par value per share $ 2. 2-for-1 stock split - par value per share $