Stock dividend Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $27 per share Preferred stock $90,000 Common stock (10,000 shares at $3 par) 30,000 Paid-in capital in excess of par 240,000 Retained earnings 90,000 Total stockholders' equity $450.000 a. Show the effects on Columbia of a 15% 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 15% stock dividend is 5 (Round to the nearest dollar.) The common stock of Columbia after a 15% stock dividend is (Round to the nearest dollar) The paid-in-capital in excess of par of Columbia after a 15% stock dividend is $ (Round to the nearest dollar) The retained earnings of Columbia after a 15% stock dividend is (Round to the nearest dollar) a The total stockholder's equity of Columbia after a 15% stock dividend is $ (Round 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 increases paid-in capital OB. Astock dividend redistributes retained earnings into common stock and paid-in capital accounts OC. A stock dividend does not cause a decrease in the overall stockholders' equity account OD. A stock dividend causes overall stockholders' equity account to decrease