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MC algo 17-10 Stock Dividends And Capital In Excess Of Par Murphys, Incorporated, has 30,000 shores of stock outstanding with a par value of $1

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MC algo 17-10 Stock Dividends And Capital In Excess Of Par Murphys, Incorporated, has 30,000 shores of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows 569,000 in the copital in excess of par account, $30000 in the common stock account, and $130,500 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the baiance in the capital in excess of par account be after the dividend

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