Stock Dividend Comparison Although Oriole Company has enough retained earnings legally to declare a dividend, its working capital is low. The board of directors is considering a stock dividend instead of a cash dividend. The common stock is currently selling at S34 per share. The following is Oriole's current shareholders' equity: Common stock, S10 par $400,000 Additional paid-in capital on common stock 800,000 Total contributed capital $1, 200,000 Retained earnings 1,300,000 Total shareholders' equity $2,500,000 Required: Assuming a 15% stock dividend is declared and issued, prepare the shareholders' equity section immediately after the date of issuance. Assuming, instead, that a 30% stock dividend is declared and issued, prepare the shareholders' equity section immediately after the date of issuance