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Below is Midori Jeans stockholders' equity for the year ended 2023: Common Stock, $6 par value $90,000 Paid-in Capital in Excess of ParCommon 64,000 Retained
Below is Midori Jeans stockholders' equity for the year ended 2023: Common Stock, $6 par value $90,000 Paid-in Capital in Excess of ParCommon 64,000 Retained Earnings 110,000 Treasury Stock (6,000) In July, Midori Jeans declares and distributes a 25% stock dividend when the market value of the stock is $19. Required: 1) Prepare Midori Jean 's July end stockholders' equity section. 2) How would retained earnings change if Midori Jeans 's issued a 3 for 1 stock split
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