On October 1, Crane Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity Par value before the stock dividend Par value after the stock dividend On October 1, Crane declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. eTextbook and Media Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Common stock Paid-in capital in excess of par value $ Retained earnings $ $525,700 Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. $ 23,000 $ 153,000 $ $701,700

On October 1, Crane Corporation's stockholders' equity is as follows. On October 1, Crane declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. eTextbook and Media Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed