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The owners’ equity accounts for Hexagon International are shownhere: Common stock ($.50 par value)$42,500 Capital surplus345,000 Retained earnings758,120 Total owners’ equity$1,145,620 a-1.If the company's stock currently sells for $20 per share and a15 percent stock dividend is declared, how many new shares will bedistributed? (Do not round intermediatecalculations.) New shares issued a-2.Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.) Common stock$ Capital surplus Retained earnings Total owners’ equity$ b-1.If the company declared a 25 percent stock dividend, how manynew shares will be distributed? (Do not round intermediatecalculations.) New shares issued b-2.Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.) Common stock$ Capital surplus Retained earnings Total owners’ equity$