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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows

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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities $ 80,000 2,100,000 1,000,000 0 29,000 Required: Complete the table below for each of the three following independent cases (Round "Par per share" answers to 2 decimal places.): Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $30 per share. Answer is not complete. Items Before any Dividend Common stock account $ 80,000 Par per share $ 0.5 $ After Cash Dividend $ 80,000 0.50 After Stock Dividend After Stock Split $ 160,000 $ 80,000 $ 0.50 $ 0.25 Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivities 160,000 $ 2,100,000 160,000 $2,100,000 $ 1,000,000 $ 996,800 29,000 320,000 320,000 $ 2,100,000 $ 2,100,000 $ 1,000,000 $ 29,000 $ 29,000

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