Sportswear Inc.

In some cases, companies elect to pay dividends to stockholders in the form of additional shares of stock instead of cash. A stock dividend is normally declared only on common stock and issued to common stockholders. An analysis of Sportswear, Inc.'s common stock is as follows: On September 1, Sportswear, Inc. declared a 5% stock dividend for its common stockholders. The stock dividend will be distributed on October 13 for holders of record on October 1. Sportswear's common stock has a par value of SI 0 per share. Complete the table to reflect the correct number of common shares in the company after the stock dividend is distributed