Crane Company has had $4$ years of record earnings. Due to this success, the market price of its $450,000$ shares of $$2$ par value common stock has increased from $$12$ per share to $$55.$ During this period, paid$-$in capital remained the same at $$2,700,000.$ Retained earnings increased from $$2,025,000$ to $$13,500,000.$ 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$)$

Stock dividend $-$ retained earnings

$

$2-$for$-1$ stock split $-$ retained earnings

$

$($b$)$

$\backslash$table$[[$Crane Company$],[,$Original Balance,After Dividend,After Split$],[$Paid$-$in capital,$$,$$$,$$