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Culver Company provides you with the following condensed balance sheet information: Assets Current assets $ 41,300 59,400 Equity investments Equipment (net) Intangibles 248,300 55,000 $

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Culver Company provides you with the following condensed balance sheet information: Assets Current assets $ 41,300 59,400 Equity investments Equipment (net) Intangibles 248,300 55,000 $ 404,000 $ 109,300 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 20,200 Paid-in capital in excess of par 120,300 Retained earnings 154,200 294,700 $ 404,000 Total liabilities and stockholders' equity For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent.) For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent) (a) Culver declares and pays a $0.50 per share cash dividend. (1) Total assets $ (2) Common stock (b) Culver declares and issues a 10% stock dividend when the market price of the stock is $ 15 per share. (1) Total assets $ (2) Common stock $ (3) Pald-in capital in excess of par $ (4) Retained earnings (5) Total stockholders' equity $ (c) Culver declares and issues a 28% stock dividend when the market price of the stock is $ 15 per share. (1) Total assets $ (2) Common stock $ (4) Retained earnings $ (5) Total stockholders' equity (d) Culver declares and distributes a property dividend. Culver gives one share of its equity investment (ABC stock) for every two shares of Culver Company stock held. Culver owns 9,900 shares of ABC. ABC is selling for $ 11 per share on the date the property dividend is declared. (1) Total assets $ $ > (2) Common stock Paid-in capital in excess of par v (3) $ v $ (4) Retained earnings (5) $ Total stockholders' equity (e) Culver declares a 2-for-1 stock split and issues new shares. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity $ $

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