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Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $536,200 23,000 168,000 $727,200 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend Par value after the stock dividend + Click if you would like to Show Work for this question: Open Show Work (b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. Common stock Paid-in capital in excess of par value Retained earnings Click if you would like to Show Work for this question: Open Show Work