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Nagaraya Corp. has 4 million shares of common stock outstanding. The stock is selling at 20 per share. If Nagaraya announces a 20 percent stock

Nagaraya Corp. has 4 million shares of common stock outstanding. The stock is selling at 20 per share. If Nagaraya announces a 20 percent stock dividend, what will be the transfer that must be made from retained earnings to the common stock account to account for the stock dividend?

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