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2. Ignoring part 1, On January 1, 2020, Dunder Mifflin Corp, a publicly traded company, had these shareholders' equity accounts: Common shares (Unlimited number of

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2. Ignoring part 1, On January 1, 2020, Dunder Mifflin Corp, a publicly traded company, had these shareholders' equity accounts: Common shares (Unlimited number of shares authorized, 15,000 issued) $600,000 Contributed surplus $25,000 Retained earnings $200,000 On February 1 the company declared a 5% stock dividend to common shareholders. The stock's market price was $90.00. February 15" is the date of record and March 1" is the date of payment. On February 15th the stock's market price was 595.00 and on March 1" the stock's market price was $98.00. Calculate the balance in number of common shars, dollars of common shares, dollars of contributed surplus and dollars of retained carings after the above transactions at March 15, 2020, after the stock dividend payment Number of common shares January 1, 2020 15.000 March 1, 2020 Common shares S600,000 Contributed surplus S25.000 Retained earings $200,000 MacBook Al 3 S 4 % 5 & 7 8 9 1 0 E R T U O D F G . J KL V B N. M

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