Your answer is partially correct.

Sunland Company has had $4$ years of record earnings. Due to this success, the market price of its $460,000$ shares of $$2$ par value

common stock has increased from $$12$ per share to $$52.$ During this period, paid$-$in capital remained the same at $$2,760,000.$ Retained

earnings increased from $$4,140,000$ to $$27,600,000.$ 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 $-$ par value per share $

$2-$for$-1$ stock split $-$ par value per share