The owners equity accounts for Octagon International are shown here:

Common stock ($.50 par value)	$	46,000
Capital surplus		380,000
Retained earnings		828,120
Total owners equity	$	1,254,120

a-1	If Octagon stock currently sells for $20 per share and a 15 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 20 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	$