On December 31, 1993, the stockholders equity section of the company was as follows: Common Stock, $10 par value, 5000,000 share Authorized, 500,000 shares issued and outstanding $5,000,000 Additional Paid-in Capital 1,500,000 Retained Earnings 5,000,000 TOTAL STOCKHOLDERS EQUITY $11,500,000

Assume that on Jan. 2, 1994, the board of directors declared and issued a 10% stock dividend. At the date of declaration, the stock was selling at $15 per share. Prepare the equity section after the dividend (10 points). SHOW YOUR WORK.

Common Stock ----------------------------------------------------------------------------------------------

Additional Paid-in Capital ----------------------------------------------------------------------------------------------

Retained Earnings -------------------------------------------------------------------------------------------------

Total Stockholders Equity -----------------------------------------------------------------------------------------------