Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share. The outstanding shares had originally been sold at $8 per share. The balance in retained earnings before the declaration of the stock dividen, but after the addition of the current year's net income, was $995,000.

Prepare the stockholders section of Alexanders balance sheet to reflect these facts.

WICIUC LA WOW amy UI iz pel slide. Te UU earnings before the declaration of the stock dividend, Prepare the stockholders' section of Alexander's balar ALEXANDER, INC., Stockholders' Equity Section of Balance Sheet Retained earnings X $ 995,000 Additional paid-in capital - Common stock 2,100,000 Additional paid-in capital - Preferred stock $ 0 Total paid-in capital 3,095,000 Dividends payable Total stockholders equity 3.095.000 or a formula-based calculation Red text indicates no response was expe cted in incorrect: no points deducted