The stockholders equity section of Pretzer Corporation consists of common stock ($10 par) $2,600,000 and retained earnings $531,000. A 10% stock dividend (26,000 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

Show all 3 of above before and after dividend