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The stockholders' equity section of Maley Corporation's balance sheet consists of common stock ($9 par) $1,233,000 and retained earnings $428,600. A 10% stock dividend (13,700 shares) is declared when the market price per share is $18. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity.
Before Dividend
After Dividend
$
(b) Show the before-and-after effects of the dividend on the shares outstanding.
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