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The stockholders' equity section of Flounder Corp's balance sheet consists of common stock ($9 par) $1,143,000 and retained earnings $400,000. A 10% stock dividend (12,700

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The stockholders' equity section of Flounder Corp's balance sheet consists of common stock ($9 par) $1,143,000 and retained earnings $400,000. A 10% stock dividend (12,700 shares) is dedared when the market price per share is $15. (a) Show the before and after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders'Equity Pald-In Capital Common Stock $ $ Pald-in Capital In Excess of Par Value-Common Stock Total Pald-In Capital V Retained Earnings Total Stockholders' Equity $ $ (b) Show the before-and-after effects of the dividend on the shares outstanding Before Dividend After Dividend Outstanding shares

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