The owners equity accounts for Octagon International are shown here:

Common stock ($.60 par value)	$	37,500
Capital surplus		325,000
Retained earnings		718,120
Total owners equity	$	1,080,620

a-1	If Octagon stock currently sells for $20 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 the new equity account values. (Do not round intermediate calculations.)

Common stock	$
Capital surplus
Retained earnings
Total owners equity	$

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

New shares issued

b-2	Show the new equity account values. (Do not round intermediate calculations.)

Common stock	$
Capital surplus
Retained earnings
Total owners equity	$

The owners equity accounts for Octagon International are shown here: Common stock ($.60 par value) $ 37,500 Capital surplus 325,000 Retained earnings 718,120 Total owners equity $ 1,080,620 a-1 If Octagon stock currently sells for $20 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 the new equity account values. (Do not round intermediate calculations.) Common stock $ Capital surplus Retained earnings Total owners equity $ b-1 If instead Octagon declared a 25 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.) New shares issued b-2 Show the new equity account values. (Do not round intermediate calculations.) Common stock $ Capital surplus Retained earnings Total owners equity $