The rate of inflation measures the percentage increase in the price of consumer goods. the rate of inflation in the year 2014 was 2% per year. to get a sense of what this rate would mean in the long run, let's suppose that it persists through 2034. what would be the cost in 2015 of an item that costs $400 in 2014? (round your answer to the nearest cent.)

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?