On October 1, Sunland Corporations stockholders equity is as follows. Common stock, $5 par value $378,500 Paid-in capital in excess of parcommon stock 24,000 Retained earnings 159,000 Total stockholders equity $561,500 On October 1, Sunland declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. Collapse question part (a) Incorrect answer. Your answer is incorrect. Try again. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.