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Metlock, Inc. has had 4 years of net income. Due to this success, the market price of its 310,000 shares of $5 par value common

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Metlock, Inc. has had 4 years of net income. Due to this success, the market price of its 310,000 shares of $5 par value common stock has increased from $13 per share to $51. During this period, paid-in capital remained the same at $4,430,000. Retained earnings increased from $1,830,000 to $13,000,000. President E. Rife is considering either a 15% stock dividend or a 2-for-1 stock split. He asks you to show the before and after effects of each option on retained earnings. $ Retained earnings after stock dividend Retained earnings after stock split $ He asks you to show the before-and-after effects of each option on total stockholders' equity $ Total stockholders' equity after stock dividend Total stockholders' equity after stock split $

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