Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Crane Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $386,500 21,000 175,000 $582,500 Total stockholders' equity On October 1, Crane declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend Par value after the stock dividend $L LINK TO TEXT VIDEO: SIMILAR EXERCISE