The stockholders' equity section of Cullumber Company consists of common stock ($10 par) $1,500,000 and retained earnings $500,000. A 10% stock dividend (15,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. ders' equity. (b) (c) Shares outstanding. Par value per share. Before Dividend After Dividend Stockholders' equity Outstanding shares Par value per share