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On July 1, Davidson Corporation had the following capital structure $ 708,000 980,000 880,000 stock ($2 par value) Additional paid-in capital Treasury stock Required: Complete

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On July 1, Davidson Corporation had the following capital structure $ 708,000 980,000 880,000 stock ($2 par value) Additional paid-in capital Treasury stock Required: Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.) Case 2 The board of directors announced a 6-for-5 stock split (ie, a 20 percent increase in the number of shares). The market price prior to the split was $4 per share. Before Dividend After Stock After Stock Items and Sp Dividend 708,000 2.00 354,000 980,000 S 880,000 Shares outstanding 212,400 424,800 Retained earnings Total stockholders eqy 2,568,000 5 2568,000 25.00

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