The stockholders equity section of Pretzer Corporation consists of common stock ($10 par) $1,600,000 and retained earnings $511,000. A 10% stock dividend (16,000 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following.

(a) The components of stockholders equity. (b) Shares outstanding. (c) Par value per share.