Dividends and Stock Split Transactions and Stockholder's Equity P 6. The stockholders' equity section of Acerin Moving and Storage Com balance sheet as of December 31, 2010, appears below Contributed capital Common stock, $2 par value, 6,000,000 shares authorized, 1,000,000 shares issued and outstanding $2,000,000 Additional paid-in capital 800,000 Total contributed capital $2,800,000 Retained earnings 2,160,000 Total stockholders' equity $4,960,000 The company engaged in the following stockholders' equity transactions during 2010 Mar. 5 Declared a $0.40 per share cash dividend to be paid on April 6 to stockholders of record on March 20 20 Date of record Apr. 6 Paid the cash dividend June 17 Declared a 10 percent stock dividend to be distributed August 17 to stockholders of record on August 5. The mar ket value of the stock was $14 per share. Aug. 5 Date of record for the stock dividend 17 Distributed the stock dividend. Oct. 2 Split its stock Dec. 27 a cash dividend of so.20 payable January 2 stockholders of record on January 14, 2011. 201l