The owners equity accounts for Freya International are shown here:

Common stock ($.40 par value)	$	40,000
Capital surplus		350,000
Retained earnings		768,120
Total owners equity	$	1,158,120

a-1	If Freya stock currently sells for $25 per share and a 20 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.)

New shares issued

a-2	Show how the equity accounts would change. (Do not round intermediate calculations.)

Common stock	$
Capital surplus
Retained earnings
Total owners equity	$

b-1	If instead Freya declared a 25 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.)

New shares issued

b-2	Show how the equity accounts would change. (Do not round intermediate calculations.)

Common stock	$
Capital surplus
Retained earnings
Total owners equity	$