Do It! Review 11-3b Oriole Company has had 4 years of record earnings. Due to this success, the market price of its 435,000 shares of $4 par value common stock has increased from $15 per share to $52. During this period, paid-in capital remained the same at $5,220,000. Retained earnings increased from $3,915,000 to $26,100,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-l stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share. (a) 1. Stock dividend - retained earnings 2. 2-for-l stock split - retained earnings (b) Paid-in capital Retained earnings Total stockholder's equity Shares outstanding Oriole Company Original Balance After Dividend After Split 1. Stock dividend - par value per share 2. 2-for-l stock split - par value per share Click if you would like to Show Work for this question: Open Show Work