The owners equity accounts for Vulcano 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 the company's 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.)

a-1.	If the company's 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.)

a-1 New shares issued - $12500

a-2.	Show how the equity accounts would change. (Do not round intermediate calculations.)

a-2 - Common Stock - $45000

Capital Surplus - 567500

Retained Earnings - 468120

Total Owners Equity - 1080620

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 Issues - 15625

b-2.	Show how the equity accounts would change. (Do not round intermediate calculations.)

Common Stock - 46875

Capital Surplus ???

Retained Earnings ???

Total Owners' Equity -1080620