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Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $17.75 per share. Common Stock,
Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $17.75 per share. Common Stock, $13 Par, 106,000 shares authorized, 42,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $546,000 168,000 350,000 $1,064,000 What would be the balance in the Common Stock account after the issuance of a 13% stock dividend? O $336,000 $616,980 $475,020 $546,000
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