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Can someone explain the steps it takes to get the answers using this data? Do It! Review 11-3b Sandhill Co. has had 4 years of

Can someone explain the steps it takes to get the answers using this data?

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Do It! Review 11-3b Sandhill Co. has had 4 years of record earnings. Due to this success, the market price of its 455,000 shares of $4 par value common stock has increased from $14 per share to $54. During this period, paid-in capital remained the same at $5,460,000. Retained earnings increased from $4,095,000 to $3,300,000. CEO an 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-aer 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-fdP1 stock split - retained earnings $ Eb) Original Balance After Dividend Aflaer Spill: Paid-in capital $ $ $ Retained earnings Total stockholder's equity $ 5 $ Shares outstanding in) 1. Stock dividend - par value per share $ 2. 2-fdP1 stock split - par value per share $

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