Wildhorse Co. has had 4 years of record earnings. Due to this success, the market price of its 455,000 shares of $2 par value common stock has increased from $15 per share to $54. During this period, paid-in capital remained the same at $2, 730,000. Retained earnings increased from $2, 047, 500 to $13, 650,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders' equity, and (c) par value per share. (a) Stock dividend - retained earnings $ 2-for-1 stock split - retained earnings $ (b) (c) Stock dividend - per value per share $ 2-for-1 stock split - par value per share $