P15-8. G (Dividends and Splits) (LO 3) Myers Company provides you with the following condensed balance sheet information. Assets Liabilities and Stockholders' Equity Current assets Equity investments Equipment (net) Intangibles $ 40,000 Current and long-term liabilities $100,000 60,000 Stockholders' equity 250,000 60.000 Total assets $410,000 Common stock ($5 par) Paid-in capital in excess of par Retained earnings 20,000 110,000 180,000 310,000 Total liabilities and stockholders' equity $410,000 Instructions For each of the following transactions, indicate the dollar impact (if any) on the following five items:( total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent.) (a) Myers declares and pays a S0.50 per share cash dividend (b) Myers declares and issues a 10% stock dividend when the market price of the stock is $14 per share (c) Myers declares and issues a 30% stock dividend when the market price of the stock is $15 per share (d) Myers declares and distributes a property dividend. Myers gives one share of its equity investment (ABC stock) for every two shares of Myers Company stock held. Myers owns 10,000 shares of ABC. ABC is selling for S10 per share on the date the property dividend is declared. (e) Myers declares a 2-for-1 stock split and issues new shares