The owners equity accounts for Iggy International are shown here:

Common stock ($.50 par value)	$ 25,000
Capital surplus	$215,000
Retained earnings	$642,700
Total owners equity	$882,700

a. If the companys stock currently sells for $32 per share and a 20 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change.

b. If the company declared a 40 percent stock dividend, how would the accounts change?

USE EXCEL PLEASE!