On June 30, 2021, when Bonita Industries's stock was selling at $66 per share, its capital accounts were as follows Capital stock (par value $50 58000 shares issued) $2900000 Premium on capital stock 580000 Retained earnings 4150000 If a 100 stock dividend were declared and distributed, capital stock would be a $3480000 b $5800000 c $7656000 d $2900000

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On June 30, 2021, when Bonita Industries's stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50;

On June 30, 2021, when Bonita Industries's stock was selling at $66 per share, its capital accounts were as follows:

Capital stock (par value $50; 58000 shares issued)	$2900000
Premium on capital stock	580000
Retained earnings	4150000

If a 100% stock dividend were declared and distributed, capital stock would be

a. $3480000.

b. $5800000.

c. $7656000.

d. $2900000.

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