Oriole Companyhas had 4 years of record earnings. Due to this success, the market price of its380,000shares of $2par value common stock has increased from $13per share to $53. During this period, paid-in capital remained the same at $2,280,000. Retained earnings increased from $1,710,000to $11,400,000. CEO Don Ames is considering either (1) a15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share.