Acme Manufacturing Company is considering implementing a 5% stock dividend. The stock is currently selling for $80 per share. The staff accountant has made a preliminary computation of the values that would be displayed in the balance sheet after the stock dividend has been completed. Are these amounts correct? Yes or NO?

	Before Stock Dividend	After Stock Dividend
Common stock, 1,000,000 shares at $25 per	$25,000,000	$26,250.000
Capital in excess of par	$60,000,000	$62,750,000
Retained Earnings	$46,100,000	$42,100,000
Total Equity and Retained Earnings	$131,1000,000	$131,000,000