Stock dividendFirm 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 $1 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $120,000 10,000 320,000 80,000 $530,000 a. Show the effects on Columbia of a 20% 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 20% stock dividend is $ dollar.) . (Round to the nearest The common stock of Columbia after a 20% stock dividend is $ (Round to the nearest dollar.) . (Round to the The paid-in-capital in excess of par of Columbia after a 20% stock dividend is $ nearest dollar.) The retained earnings of Columbia after a 20% stock dividend is $ (Round to the nearest dollar.) - (Round to the nearest The total stockholder's equity of Columbia after a 20% stock dividend is $ 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 does not cause a decrease in the overall stockholders' equity account. OB. A stock dividend causes overall stockholders' equity account to decrease. OC. A stock dividend redistributes retained earnings into common stock and paid-in capital accounts. OD. A stock dividend increases paid-in capital