The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $6 per share. Common stock (50,000 shares at $2 par) $ 100,000 Capital in excess of...

The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $6 per share.

The firm intends to first declare a 15 percent stock dividend and then pay a 25-cent cash dividend (which also causes a reduction of retained earnings).

Show the capital section of the balance sheet after the first transaction and then after the second transaction.

What is the After Stock Dividend and After Cash Dividend?