The stockholders' equity section of Sheridan Corporation consists of common stock $($ $$10$par $)$ $$2,350,000$ and retained earnings

$$526,000.$ A $10\%$ stock dividend $(23,500$ shares$)$ is declared when the market price per share is $$14.$ 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.