Sheffield Corp. has had 4 years of net income. Due to this success, the market price of its 450,000 shares of $6 par value common stock has increased from $10 per share to $53. During this period, paid-in capital remained the same at $4,440,000. Retained earnings increased from $1,840,000 to $11,900,000. President E. Rife is considering either a 15% stock dividend or a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend . Retained earnings after stock split LINK TO TEXT He asks you to show the before-and-after effects of each option on total stockholders' equity. Total stockholders' equity after stock dividend & Total stockholders' equity after stock split