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Myers Company provides you with the following condensed balance sheet information. Assets Current assets $ 44,100 Equity investments (ABC stock; 11,410 shares at cost) 68,460

Myers Company provides you with the following condensed balance sheet information.

Assets

Current assets $ 44,100
Equity investments (ABC stock; 11,410 shares at cost) 68,460
Equipment (net) 251,400
Intangibles 60,320
Total assets $424,280

Liabilities and Stockholders Equity

Current and long-term liabilities $108,500
Stockholders equity
Common stock ($5 par) $ 23,400
Paid-in capital in excess of par 119,900
Retained earnings 172,480 315,780
Total liabilities and stockholders equity $424,280

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 $0.50 per share cash dividend.

(b) Myers declares and issues a 10% stock dividend when the market price of the stock is $14 per share.

(c) Myers declares and issues a 30% stock dividend when the market price of the stock is $15 per share.

(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 $12 per share on the date the property dividend is declared.

(e) Myers declares a 3-for-1 stock split and issues new shares.

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