The Following Information Is Available for Blowing Rock Corporation $\begin{array}{lr}\text { Common Stock ( } \$ 5 \text { par) } & \$ 1,600,000 \\\text { Retained Earnings } & 1,200,000\end{array}$

The following information is available for Blowing Rock Corporation: $\begin{array}{lr}\text { Common Stock ( } \$ 5 \text { par) } & \$ 1,600,000 \\\text { Retained Earnings } & 1,200,000\end{array}$ An 18% stock dividend is declared and paid when the market value was $16 per share.
Instructions
Compute each of the following after the stock dividend.
(a) Total stockholders' equity.
(b) Number of shares outstanding.