The stockholders equity section of Pronghorn Corps balance sheet consists of common stock ($9 par) $1,080,000 and retained earnings $430,000. A 10% stock dividend (12,000 shares) is declared when the market price per share is $19. (a) Show the before-and-after effects of the dividend on the components of stockholders equity.

b) Show the before-and-after effects of the dividend on the shares outstanding.

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Show the before-and-after effects of the dividend on the shares outstanding