E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Common stock 54 par value Additional paid in capital Retained earnings Treasury stock $ 720,000 1,080,000 700,000 Required: Complete the table below for each of the two following independent cases: (Round "Par value per share" amounts to 2 decimal places.) Case 1: The board of directors declared and issued a 30 percent stock dividend when the stock was selling at $6 per share. Case 2: The board of directors announced a 6-for-5 stock split (ie, a 20 percent increase in the number of shares). The market price prior to the split was $6 per share. Before Dividend and Split Alter Stock Dividond After Stock Split $ 4.00 Common stock account Par value per share Shares outstanding Additional paid in capital Retained comings Total stockholders' equity $ 1,080.000 700,000 $