The stockholders equity section of Swifty Corporations balance sheet consists of common stock ($8 par) $1,024,000 and retained earnings $248,000. A 10% stock dividend (12,800 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.

		Before Dividend		After Dividend
Stockholders equity		$enter a dollar amount		$enter a dollar amount
Outstanding shares		enter an outstanding shares		enter an outstanding shares