Return to questior The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $7 per share. Common stock (30,000 shares at $2 par) Capital in excess of par Retained earnings Total equity $ 60,000 60,000 130,000 $ 250,000 The firm intends to first declare a 5 percent stock dividend and then pay a 15-cent cash dividend (which also causes a reduction of retained earnings). Show the capital section of the balance sheet after the first transaction and then after the second transaction. Note: Do not round intermediate calculations and round your answers to the nearest whole dollar. Answer is not complete. Western Pipe Company After Stock Dividend $ 63,000 Common stock Capital in excess of par Retained earnings Total equity $ 63,000 Answer is not complete. Western Pipe Company After Cash Dividend Common stock $ 63,000 Capital in excess of par Retained earnings Total equity $ 63,000 The I'm