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Myers Company provides you with the following condensed balance sheet information. Assets Current assets $ 40,100 Equity investments (ABC stock; 10,450 shares at cost) 73,150

Myers Company provides you with the following condensed balance sheet information. Assets Current assets $ 40,100 Equity investments (ABC stock; 10,450 shares at cost) 73,150 Equipment (net) 254,000 Intangibles 60,830 Total assets $428,080 Liabilities and Stockholders Equity Current and long-term liabilities $107,600 Stockholders equity Common stock ($5 par) $ 24,900 Paid-in capital in excess of par 119,400 Retained earnings 176,180 320,480 Total liabilities and stockholders equity $428,080 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders equity. (Each situation is independent.) (a) Myers declares and pays a $0.54 per share cash dividend. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders equity $ (b) Myers declares and issues a 10% stock dividend when the market price of the stock is $13 per share. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders equity $ (c) Myers declares and issues a 40% stock dividend when the market price of the stock is $15 per share. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders equity $ (d) Myers declares and distributes a property dividend. Myers gives one share of its equity investment (ABC stock) for every two shares of Myers Company stock held. ABC is selling for $11 per share on the date the property dividend is declared. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders equity $ (e) Myers declares a 2-for-1 stock split and issues new shares. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders equity $

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