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At the end of 2021, Your Company decided to issue a 30% stock dividend. At the time of issue, the market price of the stock

At the end of 2021, Your Company decided to issue a 30% stock dividend. At the time of issue, the market price of the stock was $15 per share. Prior to the dividend, the stockholders' equity accounts report the following balances:

Common stock, $2 par, 500,000 shares authorized, 45,000 shares issued and 40,000 shares outstanding

$90,000

Paid in capital in excess of par

546,000

Retained earnings

775,000

What was the dollar amount of the stock dividend?

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