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Meta Inc. has 50,000 shares of $2 par value common stock outstanding and retained earnings of $100,000. a. If Meta declares and distributes a 5%

Meta Inc. has 50,000 shares of $2 par value common stock outstanding and retained earnings of $100,000.
a. If Meta declares and distributes a 5% stock dividend when the fair value of the stock is $5 per share, what is the balance in Retained Earnings after the stock dividend?
b. If Meta declares and distributes a 40% stock dividend when the fair value of the stock is $5 per share, what is the balance in Retained Earnings after the stock dividend?

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