On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock Stock dividends and splits dividend or split, and the stockholders’ equity section of its balance sheet appears as follows:

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Common stock-$10 par value, 60,000 shares authorized, 25,000 shares issued and outstanding $250,000 Contributed capital in excess of par value, common stock 100,000 Total contributed capital... 350,000 Retained earnings 330,000 Total stockholders' equity $680,000