For this practice example, please show all calculations and formulas. If completed in Excel, please show calculations and formulas.

practice 10:

Show the effects of these transactions on the balance sheet equity accounts. Presently the stock price is $20 per share. You started with: common stock ($1 par value) $10,000, capital surplus $100,000, retained earnings $200,000:

part a: 12% stock dividend

part b: repurchased 1,000 shares