On July 1, Davidson Corporation had the following capital structure: Common stock ($2 par value) Additional paid-in capital Retained earnings Treasury stock Required: $690,000 1,060,000 790,000 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 50 percent stock dividend when the stock was selling at $4 per share. Case 2: The board of directors announced a 6-for-5 stock split. The market price prior to the split was $4 per share. Answer is not complete. Before Items Dividend After Stock Dividend After Stock Split and Split Common stock account S 690,000 $ 1,035,000 $ 690,000 Par value per share S 2.00 $ 2.00 $ 1.67 Shares outstanding 345,000 517,500 431,250 X Additional paid-in capital S 1,060,000 $ 1,060,000 $ 1,060,000 Retained earnings S 790,000 $ 790,000 Total stockholders' equity S 2,540,000 $ 2,540,000 $ 2,540,000