On July 1, Davidson Corporation had the following capital structure: Common stock ( $3 par value) Additional paid-in capital Retained earnings Treasury stock $ 600,000 990,000 790,000 0 Required: Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $5 per share. Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $5 per share. After Stock Dividend After Stock Split Before Dividend Items and Split $ Common stock account 600,000 Par value per share $ 3.00 Shares outstanding 200,000 Additional paid-in capital $ 990,000 Retained earnings 790,000 Total stockholders' equity $ 2,380,000