Muid SOP Stock dividend Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $28 per share. Preferred stock $120,000 Common stock (12,000 shares at $3 par) 36,000 Paid-in capital in excess of par 300,000 Retained earnings 100,000 Total stockholders' equity $556,000 a. Show the effects on Columbia of a 15% stock dividend b. In light of your answers to part a discuss the effects of stock dividend on stockholders' equity. a. The preferred stock of Columbia after a 15% stock dividend is $(Round to the nearest dollar)