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Construct a new balance sheet showing the effects of a 10 percent stock dividend. 10,000 shares issued with a market value of $60 per share

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Construct a new balance sheet showing the effects of a 10 percent stock dividend. 10,000 shares issued with a market value of $60 per share = S600,000 $600,000 is subtracted from Retained Earnings $120,000 added to Common Stock, 110,000 shares now outstanding $480,000 is added to Additional Paid-In Capital 2. What will be the approximate new price of the stock

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