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The owners’ equity accounts for Overby International are shownhere: Common stock ($1 par value)$80,000Capital surplus200,000Retained earnings660,000Total owners’ equity$940,000 a. Assume the company's stock currently sells for$47 per share and a stock dividend of 8 percent is declared. How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.) New shares issued Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.) Common stock$Capital surplusRetained earningsTotal owners’ equity$ b. Now assume that instead the company declares astock dividend of 13 percent.How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.)New shares issued Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.)Common stock$Capital surplusRetained earningsTotal owners’ equity$