Oriole Company has had 4 years of net income. Due to this success, the market price of its 300,000 shares of $3 par value common stock has increased from $12 per share to $55. During this period, paid-in capital remained the same at $4,300,000. Retained earnings increased from $1,850,000 to $11,200,000. President E. Rife is considering either a 18% stock dividend or a 2-for-1 stock split.

1.He asks you to show the before-and-after effects of each option on retained earnings.

Retained earnings after stock dividend $

enter a dollar amount Retained earnings after stock split $

1.b He asks you to show the before-and-after effects of each option on total stockholders equity.

Total stockholders equity after stock dividend $

Total stockholders equity after stock split $

* ALREADY SOLVED * THANKS