On October 1, Sheridan Corporation's stockholders' equity is as follows. Common stock, $5 par value $378,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings Total stockholders' equity 158,000 $556,000 On October 1, Sheridan declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Your answer is incorrect. 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 $