On April 30, 2018, NOP Corporation's stockholders' equity section shows the following balances. NOP Corporation Balance Sheet (partial) As at April 30, 2018 Stockholders' Equity Paid-In Capital Common shares, $4 par value, unlimited shares authorized, 35,000 shares issued and outstanding Additional Paid-In Capital Total Paid-In Capital Retained Earnings Total Stockholders' Equity $140,000 $450,000 $590,000 $720,000 $1,310,000 Do not enter dollar signs or commas in the input boxes. Scenario 1 On April 30, 2018, after preparing the stockholders' equity section shown above, the company declared and immediately distributed a 95% stock dividend. The market price on the date of declaration was $10. The company recorded the stock dividends by debiting retained earnings. a) Calculate the ending balance of retained earnings after the stock dividend. NOP Corporation Calculation of Retained Earnings For the Month Ended April 30, 2018 Opening Balance Less: Stock Dividend Balance - April 30, 2018 b) Prepare the stockholders' equity section of balance sheet as at April 30, 2018 (after the stock dividend has been distributed) NOP Corporation Balance Sheet (partial) As at April 30, 2018 Stockholders' Equity Paid-In Capital Common shares, $4 par value, unlimited shares authorized, 68,250 shares issued and outstanding Additional Paid-In Capital Total Paid-In Capital Retained Earnings Total Stockholders' Equity Scenario 2 On April 30, 2018, after preparing the stockholders' equity section shown at the beginning of this question (excluding Scenario 1), the company implemented a 4-for-1 stock split. a) Calculate the number of outstanding shares. Outstanding shares: b) Prepare the stockholders' equity section of the balance sheet as at April 30, 2018 (after the stock split). shares NOP Corporation Balance Sheet (partial) As at April 30, 2018 Stockholders' Equity Paid-In Capital Common shares, $2 par value, unlimited shares authorized, x shares issued and outstanding Additional Paid-In Capital Total Paid-In Capital Retained Earnings Total Stockholders' Equity