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

The owners' equity accounts for Southern Lights International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity $ 35,000 320,000 708,120 $1,063,120 a-1. If the company's 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 the company 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