On October 1, Sandhill Corporation's stockholders' equity is as follows. Common stock, $7 par value $539,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings 172,000 Total stockholders' equity $731,000 On October 1, Sandhill declares and distributes a 10% stock dividend when the market price of the stock is $15 per shar (a) w Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ Par value after the stock dividend