is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year $6,$ the current year. It is also declaring a stock dividend to its stockholders as the calendar year$-$end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock.

Number of common shares authorized

$900,000$

Number of common shares issued

$750,000$

Par value of common shares

$$20$

Par value of cumulative preferred shares

$$30$

Paid$-$in capital in excess of par$-$common stock

$$7,000,000$

Paid$-$in capital in excess of par$-$preferred stock

$$0$

Total retained earnings before the stock dividend is declared

$$33,500,000$

No treasury share have been reissued.

$\backslash$table$[[,,$Preferred Dividends,Common Dividends$],[,$Total Cash,,,,$],[$Year$,$Dividends,Total,Per Share,Total,Per Share$],[$Year $1,30,000,30,000,0\mathrm{.}20,0,0\mathrm{.}00],[$Year $2,54,000,54,000,0\mathrm{.}36,0,0\mathrm{.}00],[$Year $3,105,000,51,000,0\mathrm{.}34,54,000,0\mathrm{.}09],[$Year $4,135,000,45,000,0\mathrm{.}3,90,000,0\mathrm{.}15],[$Year $5,153,000,45,000,0\mathrm{.}3,108,000,0\mathrm{.}18],[$Year $6,225,000,45,000,0\mathrm{.}3,180,000,0\mathrm{.}3]]$

Stock Dividend

The company declared a $2\%$ common stock dividend on December $1,$ and would like you to compute the following pieces of missing information. The market value of the common shares is $$26$ on December $1,$ and is $$30$ on the actual distribution date of the stock, December $31.$

Fill in the missing information in the following table, using the information given and your work on the other panels. All "before" items are before the stock dividend was declared. All "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year.

Total paid$-$in capital before the stock dividend

Total retained earnings before the stock dividend

Total stockholders' equity before the stock dividend

Total paid$-$in capital after the stock dividend

Total retained earnings after the stock dividend$-$

Total stockholders' equity after the stock dividend