Problem 15-8 Pharoah Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) 43,100 65,400 262,700 65,300 $436,500 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity $108,500 $20,200 117,700 Common stock ($5 par) Paid-in capital in excess of par Retained earnings 190,00 328,000 $436,500 Total liabilities and stockholders' equity 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) Pharoah 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) Pharoah declares and issues a 10% stock dividend when the market price of the stock is $14 per share (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (c) Pharoah declares and issues a 30% stock dividend when the market price of the stock is $14 per share (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5)Total stockholders' equity (d) Pharoah declares and distributes a property dividend. Pharoah gives one share of its equity investment (ABC stock) for every two shares of Pharoah Company stock held. Pharoah owns 10,900 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) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (e) Pharoah declares a 2-for-1 stock split and issues new shares. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity Click if you would like to Show Work for this question: Open Show Work