Stock dividend: Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $33 per share. Preferred stock Common stock (9,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $120.000 18,000 279.000 120,000 $537,000 a. Show the effects on Columbia of a 15% stock dividend. b. In light of part a, discuss the effects of stock dividend on stockholders' equity. a. The preferred stock of Columbia after a 15% stock dividend is $ (Round to the nearest dollar.)