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On January 1 , Pina Colada Corp. had 7 7 0 0 0 0 shares of $ 1 0 par value common stock outstanding. On

On January 1, Pina Colada Corp. had 770000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $20? share. As a result of this event,
Pina's Paid-in Capital in Excess of Par Value account increased $1155000.
Pina's total stockholders' equity was unaffected.
Pina's Stock Dividends account increased $2310000.
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