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Stockholders' equity of Dumfries Corporation is as follows: Common stock, $6 par, issued and outstanding 220,000 shares: $7,280,000 Pald-in capital - excess of par: $4,517,000

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Stockholders' equity of Dumfries Corporation is as follows: Common stock, $6 par, issued and outstanding 220,000 shares: $7,280,000 Pald-in capital - excess of par: $4,517,000 Retained earnings: $5,741.000 The current market price of Dumfries's stock is $11 per share. If Dumfries declares and distributes a 30% stock dividend, total pald-in capital (common stock plus pald-in capital - excess of par) balance will be

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