Problem 19-8 Stock Dividends The company with the common equity accounts shown here has declared a stock dividend of 15 percent when the market value of its stock is $33 per share. $ 475,000 Common stock ($1 par value) Capital surplus Retained earnings 864.000 3,900,800 Total owners' equity $5,239,800 What would be the number of shares outstanding after the distribution of the stock dividend? (Do not round intermediate calculations.) New shares outstanding