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On May 18, 2013, the Kingston Company has 6,400 shares of $10 par value common stock outstanding. The stock is currently trading at $12 per

On May 18, 2013, the Kingston Company has 6,400 shares of $10 par value common stock outstanding. The stock is currently trading at $12 per share.

1. How many new shares are issued if the Kingston Company declares and pays a 6% stock dividend?

2. What is the amount debited to retained earnings for the stock dividend?

3. How many new shares are issued if the Kingston Company declares and pays a 31% stock dividend?

4. What is the amount debited to retained earnings for the stock dividend?

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