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Concin has the following equity accounts on its balance sheet: Common stock (50.25 par, 9 million shares) $2,250,000 Contributed capital in excess of par 89,400,000

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Concin has the following equity accounts on its balance sheet: Common stock (50.25 par, 9 million shares) $2,250,000 Contributed capital in excess of par 89,400,000 Retain earnings 67.503.189 $159,153,189 The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account? a. No change b. Increase of $21,600,000 OC. Increase of $54,000 d. Increase of $225,000 ca

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