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Presented below is the stockholders' equity section of Oaks Corporation at 12/31/2020. Assume the market price of Oaks' common stock at 12/31/2020 was $44 per

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Presented below is the stockholders' equity section of Oaks Corporation at 12/31/2020. Assume the market price of Oaks' common stock at 12/31/2020 was $44 per share. Common stock, par value $10 per share, issued and outstanding 50,000 shares $ 500,000 Additional Paid-in capital 250,000 Retained earnings 825,000 Total Equity $1.575.000 Now assume that Oaks Corporation issued a 16% stock dividend on 12/31/2020. Complete the following information below to provide the new balances after the stock dividend. Show the number of shares issued and outstanding as well as the dollar amounts for common stock, APIC, RE, and total equity. Common stock, par value $10; authorized 200,000 shares, issued and outstanding shares Paid-in capital in excess of par value (APIC) Retained earnings Total Equity Note that book value per share = total equity/# shares outstanding Round amounts per share to the nearest cent: 1) Show the journal entry to record the 100% stock dividend: 1) What was the book value per share prior to the stock dividend? 2) What was the book value per share after the stock dividend? 3) If the stock price was $44 per share prior to the stock dividend, what should the share price be after the stock dividend? Hint: the total market value of Oaks Corp. before and after the stock dividend has not changed

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