On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock. $6 par value $464,400 Paid-in capital in excess of par-common stock 24.000 Retained earnings 176,000 Total stockholders' equity $664,400 On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ 6 Par value after the stock dividend Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. Common stock 510.840 Paid-in capital in excess of par value $ 85,920 Retained earnings S 67.640