Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in front.

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

How many shares were outstanding after the stock dividend?

Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in front.

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

How many shares were outstanding after the stock dividend?