Stock split versus stock dividend$-$Firm Mammoth Corporation is considering a $3-$for$-2$ stock split. It currently has

the stockholders' equity position shown. The current stock price is $$120$ per share. The most recent period's earnings

available for common stock is included in retained earnings.

a$.$ What effect on Mammoth's equity account would result from the stock split?

b$.$ What change in stock price would you expect to result from the stock split?

c$.$ What is the maximum cash dividend per share that the firm could pay on common stock before and after the