The stockholders' equity section of Vaughn 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.

Outstanding shares

Par value per share