Do It! Review 11-035 Ivanhoe Company has had 4 years of record eamings. Due to this success, the market price of its 515,000 shares of $2 par value common stock has increased from $15 per share to $52. During this period, paid-in capital remained the same at $3,090,000. Retained earnings increased from $2,317,500 to $15,450,000. 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) 1. Stock dividend retained in 2. 2-for-1 stock trading (3) Ivanhoe Company Original Balance After Dividend After Split Retained earnings Total's equity Shares outstanding (