Question 4 20 pts Luna Incorporated has the following Shareholder's Equity Section: Preferred Stock, 8%, $100 PV $ 200,000 Common Stock, $2 PV 200,000 PIC - Excess Par Value - P/S 60,000 PIC - Excess Par Value - C/S 400,000 Retained Earnings $ 860,000 If Luna declares a 10% common stock dividend when the market price is $7 per share, what will be the balance in PIC - Excess Par Value - Common Stock after the declaration? Previous Next