Problem 15-8 Blossom Company provides you with the following condensed balance sheet information: $ 41,700 60,000 227,600 55,500 $384,800 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 19,700 Paid in capital in excess of par 107,300 Retained earnings 161,400 Total liabilities and stockholders' equity $96,400 288,400 $384,800 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) 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) Blossom declares and pays a $0.55 per share cash dividend. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (b) Blossom declares and issues a 10% stock dividend when the market price of the stock is $15 per share. (1) Total assets (2) Common stock (3) Paid in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (c) Blossom declares and issues a 26% stock dividend when the market price of the stock is $16 per share. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (d) Blossom declares and distributes a property dividend. Blossom gives one share of its equity investment (ABC stock) for every two shares of Blossom Company stock held. Blossom owns 10,000 shares of ABC. ABC is selling for $10 per share on the date the property dividend is declared. (1) Total assets (2) Common stock (3) Pald-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (e) Blossom declares a 3-for-1 stock split and issues new shares. (1) Total assets (2) Common stock (3) Pald-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity