Stock dividend: Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $31 per share. Preferred stock Common stock (9,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $110,000 36,000 243,000 100,000 $489,000 a. Show the effects on Columbia of a 10% 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 10% stock dividend is $ (Round to the nearest dollar.)