Stock dividend- Fim Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $29 per share. Preferred stock Common stock (12,000 shares at $1 par) Paid-in capital in excess of par Retained earnings $110,000 12,000 336,000 110,000 $568,000 Total stockholders' equity a. Show the effects on Columbia of a 20% stock dividend b. In light of your answers to part a, discuss the effects of stock dividend on stockholders' equity a The preferred stock of Columbia after a 20% stock dividend is (Round to the nearest dollar.) The common stock of Columbia after a 20% stock dividend is $ (Round to the nearest dollar.) The paid-in-capital in excess of par of Columbia after a 20% stock dividend is SLI (Round to the nearest dollar ) The retained earnings of Columbia after a 20% stock dividend is $ (Round to the nearest dollar) The total stockholders equity of Columbia after a 20% stock dividend iss Round to the nearest dollar.) b. Which of the following statements about the effects of stock dividend on stockholders' equity is false? (Select the best answer below.) O A. A stock dividend redistributes retained earnings into common stock and paid-in capital accounts. O B. A stock dividend does not cause a decrease in the overall stockholders' equity account C. A stock dividend causes overall stockholders' equity account to decrease D. A stock dividend increases paid-in capital