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The owners’ equityaccounts for Overby International are shown here: Common stock ($1 par value)$55,000Capitalsurplus218,000Retainedearnings720,000Total owners’equity$993,000 a. Assume the company's stock currently sells for$25 per share and a stock dividend of 8 percent is declared. How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.) New shares issued Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.) Common stock$CapitalsurplusRetainedearningsTotal owners’equity$ b. Now assume that instead the company declares astock dividend of 12 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$CapitalsurplusRetainedearningsTotal owners’equity$