Exercise '14-05 a-b (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value $376,000 Paid-in capital in excess of par-common stock 28,000 Retained earnings 154,000 Total stockholders' equity $558,000 On October 1, Cullumber 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 $ Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed Common stock Paid-in capital in excess of par value