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Cullumber Company has had 4 years of net income. Due to this success, the market price of its 300,000 shares of $3 par value common

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Cullumber Company has had 4 years of net income. Due to this success, the market price of its 300,000 shares of $3 par value common stock has increased from $10 per share to $50. During this period, paid-in capital remained the same at $4,200,000 Retained earnings increased from $1,700,000 to $11,000,000. President E. Rife is considering either a 12% stock dividendor a 2-for-1 stock split. He asks you to show the before and after effects of each option on retained earnings. $ Retained earnings after stock dividend Retained earnings after stock split $ eTextbook and Media He asks you to show the before-and-after effects of each option on total stockholders' equity, $ Total stockholders' equity after stock dividend $ Total stockholders' equity after stock split e Textbook and Media

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