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some of my answers were wrong. On July 1, Davidson Corporation had the following capital structure: Common stock ( $4 par value) Additional paid-in capital

image text in transcribedsome of my answers were wrong.

On July 1, Davidson Corporation had the following capital structure: Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 660,000 940,000 790,000 a Required: Complete the table below for each of the two following independent cases: ((Round "Par value per share" amounts to 2 decimal places.) Case 1: The board of directors declared and issued a 30 percent stock dividend when the stock was selling at $6 per share. Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $6 per share. Items Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Before Dividend After Stock After Stock and Split Dividend Split S 660,000 S 5,148,000 $ 132,000 $ 4.00 $ 4.00 $ 4.00 660,000 858,000 792.000 S 940,000 s $ 1,716,000 s 792,000 $ 790,000 $ $ 1,188,000 $ 790,000 $ 2,390,000 s $ 8,052,000 S 1,714,000 $

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