Ivanhoe Company has had 4 years of record earnings. Due to this success, the market price of its365,000shares of $4par value common stock has increased from $15per share to $53. During this period, paid-in capital remained the same at $4,380,000. Retained earnings increased from $3,285,000to $21,900,000. CEO Don Ames is considering either (1) a15% stock dividend or (2) a 2-for-1 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-1 stock split-retained earnings $?

(B)

Original Balance After Dividend After Split

Paid in Capital ? ? ?

Retained Earnings ? ? ?

Total Stockholders Equity ? ? ?

Shares outstanding ? ? ?

(C)

1. Stock dividend-par value per share $?
2. 2-for-1 stock split-par value per share $?