The owners' equity accounts for Southern Lights International are shown here:

Common stock ($.50 par value)$38,000

Capital surplus330,000

Retained earnings728,120

Total owners' equity$1,096,120

a-1.If the company's stock currently sells for $20 per share and a 10 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 the company 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