On December 20, 2017, Renick Corp. had the following :

# of Common Shares Outstanding: 50,000 shares

Value of Common Shares: $625,000

Retained Earnings: $160,000

On December 20, the company declared a 10% Stock Dividend to shareholders as of the record date of December 25 to be paid on Dec. 31. The market price of share when the stock dividends were declared was $16 per share.

Show the Shareholders Equity section of the Balance Sheet for Renick Corp. after the distribution of stock dividends.