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 (10.000 shares at $3 par) Paid-in capital in excess of par Retained eanings $110.000 30.000 300 000 100.000 $540.000 Total stockholders equity a. Show the effects on Columbia of a 5% stock dividend. b. In light of your answers to part a, discuss the effects of stock dividend on stockholders equity (Round to the nearest dollar) a. The preferred stock of Columbia after a 5 % stock dividend is $