On July 1, Davidson Corportation had the following capital structure:

Complete the table below for each of the two following independent cases: (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 $6 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.

Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 618,000 1,060,000 710,000 0 Required: Complete the table below for each of the two following inder places.) Case 1: The board of directors declared and issued a 50 perc Case 2: The board of directors announced a 6-for-5 stock spl prior to the split was $6 per share. Items Before Dividend and Split After Stock Dividend After Sp Common stock account Items Before Dividend and Split After Stock Dividend After Stock Split Common stock account $ $ 4.00 Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders equity $ 1.060,000 $ 710,000