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The owners' equity accounts for Southern Lights International are shown here: Common stock ($.60 par value) $ 45,000 Capital surplus 340,000 Retained earnings 748,120 Total

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

Common stock ($.60 par value) $ 45,000

Capital surplus 340,000

Retained earnings 748,120

Total owners' equity $ 1,133,120

________________________________________

a-1. If the company's stock currently sells for $30 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 $

Please show all calculations so I can reproduce them. Thanks

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