Stock dividend: Firm Columbia Paper has the following stockholders equity account. The firm's common stock has a current market price of $30 per share. P14-9 $100,000 $20,000 $280,000 $100,000 $500,000 Preferred stock Common stock (10,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity a. Show the effects on Columbia of a 5% stock dividend. b. Show the effects of (1) a 10% and (2) a 20% stock dividend. c. In light of your answers to parts a and b, discuss the effects of stock dividends on stockholders' equity