Stock Dividend-Effect on Book Value
Olympic Corporation Has 75,000 Shares $\$\_\_\_\_\_$

Stock dividend-effect on book value
Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December 31, the total assets of the company amount to $4,360,000 and total liabilities to $2,230,000. On that date, the board of directors declared a stock dividend of one new share for each five shares outstanding. Compute the following:
(a) Book value per share before the stock dividend $\$\_\_\_\_\_$ per share
(b) Book value per share after stock dividend $\$\_\_\_\_\_$
(c) Total book value of Lou Cheng 's stockholdings per share before the stock dividend $\$ \_\_\_\_\_$
(d) Total book value of Lou Cheng 's stockholdings after the stock dividend $\$\_\_\_\_\_$