Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings $525,700 23,000 153,000 $701,700 Total stockholders' equity On October 1, Little Bobby declares and distributes a 10% stock dividend when the mark (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock di Par value before the stock dividend Par value after the stock dividend 7 7 Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings $525,700 23,000 153,000 $701,700 Total stockholders' equity On October 1, Little Bobby declares and distributes a 10% stock dividend when the mark (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock di Par value before the stock dividend Par value after the stock dividend 7 7