E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 714,000 930,000 800,000 0 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 (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $6 per share. Items and Split Before Dividend After Stock Dividend After Stock Split Common stock account $ 714,000 Par value per share $ 4.00 Shares outstanding Additional paid-in capital $ 930,000 Retained earnings $ 800,000 Total stockholders' equity