On July $1,$ Davidson Corporation had the following capital structure:

Common stock $($ $$4$ par value$)$ $ $780,000$

Additional paid$-$in capital $1,030,000$

Retained earnings $740,000$

Treasury stock $0$

Required:

Complete the table below for each of the two following independent cases:

Note: Round "Par value per share" amounts to $2$ decimal places.

Case $1$: The board of directors declared and issued a $40$ percent stock dividend when the stock was selling at $$6$ per share