Problem 18-22 The Western Pipe Company has the following capital section in its balance sheet its stock is currently selling for $5 per share COCK (50, shares) Heated earni $100,000 250, 550,00 The firm intends to first declare a 10 percent stock dividend and then pay a 50 20 cash dividend (which also causes a reduction of retained earrings Show the capital section of the balance sheet after the first transaction and then after the second transaction Western Pipe Company After 1st transaction Connon stock (55.000 shares) Retained warning Western Pipe Company After and transaction Common stock (55,000 shares) Retained earnings