Stock Dividends and Splits ("Slicing the Pie"). Your company has the following Stockholders Equity as of the beginning of the current year

Common Stock; 350,000 shares outstanding, $1 par $350,000

Paid in Capital Common Stock $4,900,000

Retained Earnings $4,000,000

Accumulated Other Comprehensive Income $750,000

Total Stockholders Equity $10,000,000

During the year, the company entered into the following transactions:

• The declaration and issuance of a 2 for 1 stock split affected in the form of a 100% stock dividend.
• Declaration of a 5% stock dividend at a time when the market price of the stock was $25 per share
• Declared a cash dividend of $.10 (ten cents) per share
• Net Income for the year was $100,000

Required: Prepare the Stockholders Equity section of the balance sheet at the end of the year.