The company with the common equity accounts shown here has declared a four-for-one stock split when the market value of its stock is $61 per share. The firms 75-cent per share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stock. what effect does this have on the equity accounts? what was last year's dividend per share?

common stock ($1 per value) : 275000

capital surplus : 763000

retained earnings : 3284000

total owners' equity : 4332000