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QS 11-8 (Algo) Reporting a small stock dividend LO P2 The stockholders equity section of Jun Company's balance sheet as of April 1 follows. On

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QS 11-8 (Algo) Reporting a small stock dividend LO P2 The stockholders equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-55 par value, $35,000 shares authorized, 280,000 shares issued and outstanding $ 1,400,000 Paid-in capital in excess of par value, common stock 650,000 Retained earnings 913,000 Total stockholders' equity $ 2,963,000 Prepare the stockholders' equity section Immediately after the stock dividend is distributed JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Common stock Paid-in capital in excess of par value, common stock Total pald-in capital 0 Total stockholders' equity $ 0

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