Do It! Review 11-3b (Part Level Submission) Wildhorse Co. has had 4 years of net income. Due to this success, the market price of its 470,000 shares of $3 par value common stock has increased from $14 per share to $50. During this period, paid-in capital remained the same at $4,430,000. Retained earnings increased from $1,730,000 to $12,300,000. President E. Rife is considering either a 17% stock dividend or a 2-for-1 stock split. (a) * Your answer is incorrect. Try again. 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