On October 1, Little Bobby Corporations stockholders equity is as follows. Common stock, $5 par value $386,500 Paid-in capital in excess of parcommon stock 21,000 Retained earnings 175,000 Total stockholders equity $582,500 On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.

Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Indicate the balances in the three stockholders equity accounts after the stock dividend shares have been distributed.