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The stockholders' equity section of Monty Corp.'s balance sheet consists of common stock ($8 par) $1,096,000 and retained earnings $420,000. A 10% stock dividend (13,700

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The stockholders' equity section of Monty Corp.'s balance sheet consists of common stock ($8 par) $1,096,000 and retained earnings $420,000. A 10% stock dividend (13,700 shares) is declared 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 $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares

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