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Myers Company provides you with the following condensed balance sheet information. Assets Current assets $42,800 Equity investments (ABC stock; 10,110 shares at cost) 50,550 Equipment

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

Assets
Current assets $42,800
Equity investments (ABC stock; 10,110 shares at cost) 50,550
Equipment (net) 251,500
Intangibles 60,780
Total assets $405,630
Liabilities and Stockholders Equity
Current and long-term liabilities $107,300
Stockholders equity
Common stock ($5 par) $28,800
Paid-in capital in excess of par 119,200
Retained earnings 150,330 298,330
Total liabilities and stockholders equity $405,630

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 $0.57per share cash dividend.

(1) Total assets decreaseincreaseno effect $
(2) Common stock decreaseincreaseno effect $
(3) Paid-in capital in excess of par decreaseincreaseno effect $
(4) Retained earnings decreaseincreaseno effect $
(5) Total stockholders equity decreaseincreaseno effect $

(b)Myers declares and issues a10% stock dividend when the market price of the stock is $14per share.

(1) Total assets decreaseincreaseno effect $
(2) Common stock decreaseincreaseno effect $
(3) Paid-in capital in excess of par decreaseincreaseno effect $
(4) Retained earnings decreaseincreaseno effect $
(5) Total stockholders equity decreaseincreaseno effect $

(c)Myers declares and issues a40% stock dividend when the market price of the stock is $15per share.

(1) Total assets decreaseincreaseno effect $
(2) Common stock decreaseincreaseno effect $
(3) Paid-in capital in excess of par decreaseincreaseno effect $
(4) Retained earnings decreaseincreaseno effect $
(5) Total stockholders equity decreaseincreaseno effect $

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

(1) Total assets decreaseincreaseno effect $
(2) Common stock decreaseincreaseno effect $
(3) Paid-in capital in excess of par decreaseincreaseno effect $
(4) Retained earnings decreaseincreaseno effect $
(5) Total stockholders equity decreaseincreaseno effect $

(e)Myers declares a2-for-1 stock split and issues new shares.

(1) Total assets decreaseincreaseno effect $
(2) Common stock decreaseincreaseno effect $
(3) Paid-in capital in excess of par decreaseincreaseno effect $
(4) Retained earnings decreaseincreaseno effect $
(5) Total stockholders equity decreaseincreaseno effect

$

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