Whispering Winds Corp. has had 4 years of net income. Due to this success, the market price of its 440,000 shares of $6 par value common stock has increased from $12 per share to $53. During this period, paid-in capital remained the same at $4,500,000. Retained earnings increased from $1,870,000 to $12,700,000. President E. Rife is considering either a 17% stock dividend or a 2-for-1 stock split. (a) He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend Retained earnings after stock split