The stockholders' equity section of Blue Spruce Corp. consists of common stock ($10 par) $1,960,000 and retained earnings $539,000. A 10% stock dividend (19,600 shares) is declared when the market price per share is $15. Show the before-and-after effect of the dividend on the following. The components of stockholders' equity. (a) (b) Shares outstanding. (c) Par value per share. Stockholders' equity Outstanding shares Par value per share +A $ GA $ Before Dividend GA GA After Dividend