The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $$8$ per share.

The firm intends to first declare a $5$ percent stock dividend and then pay a $15-$cent cash dividend $($which also causes a reduction of

retained earnings$).$

Show the capital section of the balance sheet after the first transaction and then after the second transaction.

Note: Do not round intermediate calculations and round your answers to the nearest whole dollar.

Answer is complete but not entirely correct.

Answer is complete but not entirely correct.