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Whispering Winds Corp, has had 4 years of record earnings. Due to this success, the market price of its 440,000 outstanding shares of $2 par

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Whispering Winds Corp, has had 4 years of record earnings. Due to this success, the market price of its 440,000 outstanding shares of $2 par value common stock has increased from $6 per share to $53. During this period, paid-in capital remained the same at $2,700,000. Retained earnings increased from $1,870,000 to $12,700,000. CEO Don Ames 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 $

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