Do It Review 11-3b Sand Co. has had 4 years of record earnings. Due to this success, the market price of its 455.000 shares During this period, pald-in capital remained the same at 35,460,000. Retained earnings increased from 4.095 000 to 27 300 000 C D dividend or (2) a 2-for-1 stock split. He asks you to show the before and after effects of each otion on and t has 4 i 514 5 gthera 15 h e (a 1. Stock dividend retained earnings 2. 2.for stock split retained earrings Sandhill Co. Original Balance After Dividend After Split Pald-n capital Retained carings Total stockholder's equity Shares outstanding 1. Stock dividend - par value per share