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please do it clear and easy Exercise HsM ine has 5 million shares of common stock outstanding of which 6% income after tax and the

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Exercise HsM ine has 5 million shares of common stock outstanding of which 6\% income after tax and the stockhoiders equity portion of the compary is given below, \begin{tabular}{lr} Common stock (5 million shares at $12 par value) & $50,000,000 \\ Capital in excess of par & 45,000,000 \\ Retained Earnings & 55,000,000 \\ \multicolumn{1}{l}{ Total } & $160,000,000 \end{tabular} Current market value of the company's stock is 330 per share. Snow the otalement of fruncial poseen aner: a. A cash dividend of $5.00 per share is declared b. A 15% stock dividend is declared

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