Sheridan Company has had 4 years of net income. Due to this success, the market price of its 410,000 shares of $4 par value common stock has increased from $11 per share to $52. During this period, paid-in capital remained the same at $4,210,000. Retained earnings increased from $1,760,000 to $11,600,000. President E. Rife is considering either a 18% stock dividend or a 2-for-1 stock split. (a) Your answer is correct. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend 7762400 Retained earnings after stock split 11600000