32.

On June 30, 2021, when Sheffield Corp.'s stock was selling at $66 per share, its capital accounts were as follows:

Capital stock (par value $50; 51000 shares issued)	$2550000
Premium on capital stock	510000
Retained earnings	4340000

If a 100% stock dividend were declared and distributed, capital stock would be

a. $5100000.

b. $2550000.

c. $6732000.

d. $3060000.

34.

Sandhill Company purchased $1300000 of 9% bonds of Scott Company on January 1, 2021, paying $1218375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $81625 provides an effective yield of 10%. Sandhill Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2021, Sandhill Company should increase its Debt Investments account for the Scott Company bonds by

a. $2419.

b. $8163.

c. $4081.

d. $4838.

37. On January 3, 2020, Crane Company acquires $490000 of Adam Companys 10-year, 10% bonds at a price of $522090 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that Crane Company uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2021 related to these bonds?

a. $49000

b. $46988

c. $46807

d. $52209