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On July 1, Davidson Corporation had the following capital structure Common stock($4 par Additional paid-in capital Retained earnings Treasury stock 768,000 970,000 770,000 s value)

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On July 1, Davidson Corporation had the following capital structure Common stock($4 par Additional paid-in capital Retained earnings Treasury stock 768,000 970,000 770,000 s value) 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 50 percent stock dividend when the stock was selling at S6 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 $6 per share Items Stock Dividend Stock and Split Dividend Split Common stock account Par value per share4.00 Shares outstandin Additional paid-in$ 970,000 capital Retained earnings 770,000 Total stockholders

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