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Prior to October 1, 2018, Monkey Juice had 40.000 shares of $1 par common stock outstanding. On October 1, 2018, Monkey Juice declared a 10%

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Prior to October 1, 2018, Monkey Juice had 40.000 shares of $1 par common stock outstanding. On October 1, 2018, Monkey Juice declared a 10% stock dividend. The shares are to be distributed on October 10, 2018. The market value of Monkey Juice on the date of declaration was $9 per share while the market price on the date of distribution was $7. As a result of this dividend, Monkey Juice's additional paid-in capital-excess of par will

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