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Following is the shareholders' equity section of the balance sheet of the Sammy Ltd.: Share capital: Common shares, 100,000 share authorized 65,000 shares issued Total

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Following is the shareholders' equity section of the balance sheet of the Sammy Ltd.: Share capital: Common shares, 100,000 share authorized 65,000 shares issued Total share capital Retained earnings Total shareholders' equity $650,000 $650,000 349,000 $999,000 The common shares are currently selling for $15.50 per share. The balance in the Common Shares account after the distribution of a 15% common stock dividend is: 1) $882,500 2) $801,125 3) $1,150,125 4) $999,000

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