In-Class Exercise: Stock dividends and Stock Splits On June 30, 2019, SuperNova Corporation's common stock is priced at $32 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$10 par value, 165,000 shares authorized, 26,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 260,000 100,000 360,000 $720,000 Requirement 1: Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Answer these questions about stockholders' equity as it exists after issuing the new shares. a.) What is the amount of total stockholders' equity after the stock dividend? b.) What is the retained earnings balance after the stock dividend? [. I c.) How many shares are outstanding and what is the par value of the stock after the stock dividend? I d.) If this had been a small stock dividend, what additional account would have been required? I Requirement 2: Assume that the company implements a 2-for-1 stock split instead of the stock dividend in requirement 1. Answer these questions about stockholders' equity as it exists after issuing the new shares. a.) What is the amount of total stockholders' equity after the stock split? b.) What is the retained earnings balance after the stock split? c.) What is the amount of total paid-in capital after the stock split?" d.) How many shares are outstanding and what is the par value of the stock after the stock split