JUL 15 LUITELLUT NII Tor the work you Required Information The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2019 $ 9,880,000 $9,880,000 Paid in capital: Preferred stock, $130 par value, 8%, cumulative, 188,880 shares authorized, 76,000 shares issued and outstanding Common stock, 54 par value, 500,000 shares authorized, 438,000 and 410,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,800 shares and 17,800 shares, respectively Total stockholders equity 14,680,000 12,888,888 1,640,000 14,160,000 11,804,000 (1,656,000) $ 2 (1,632,000) $35,852,000 sume that on June 1 the market value of the common stock was $40 per share and that the board of directors declar dividend on the issued shares of common stock. Use the horizontal model to show the issuance of the stock dividend. ancial statement effect (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Ans Balance Sheet Assets Liabilities Stockholders' Equity May 31, 2019 April 30, 2019 $ 9,880,000 $ 9,880,000 Paid- in capital: Preferred stock, 5130 par value, 8x, cumulative, 100,000 shares authorized, 76,000 shares issued and outstanding Common stock, 54 par value, 600,000 shares authorized, 430,000 and 410,000 shares issued, respectively Additional paid in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity 14,680,000 12,000,000 1,640,000 14,160,000 11,804,000 (1,656,000) $ 2 (1,632,000) $35,852,000 f-1. Assume that on June 1 the market value of the common stock was $40 per share and that the board of directors declared a 6% stock dividend on the issued shares of common stock. Use the horizontal model to show the issuance of the stock dividend. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Answer is not comp Answer is not complete She A Stockholm TO Map Common 10300