Problem 15-8 Sage Company provides you with the following condensed balance sheet information: Assets Current assets Equity investments Equipment (net) Intangibles $37,600 58,800 248,300 59,800 $404,500 Total assets Liabilities and Stockholders' Equity $107,900 Current and long-term liabilities Stockholders' equity Common stock ($5 par) Paid-in capital in excess of par Retained earnings 20,800 117,100 158,700 296,600 $404,500 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) Sage declares and pays a $o.60 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 decrease increase no effect (b) Sage declares and issues a 10% stock dividend when the market price of the stock is $15 per share