The Clamshell Jewelery Company had a good year and decided to issue a 10% stock dividend to its common shareholders. The stock dividend was declared and distributed when the market price of the company's stock was $25 per share.

9) The Clamshell Jewelry Company had a good year and decided to issue a 10% stock dividend to its common shareholders. The stock dividend was declared and distributed when the market price of the company's stock was $25 per share. The stockholders' equity section of the firm's balance sheet immediately before the stock dividend was declared and distributed is as follows: After accounting for the 10% stock dividend, which of the following is not a correct statement: A) The reported value of capital stock (i.e., common stock plus additional paid-in capital) amounts to $160,000. B) The reported value of retained earnings amounts to $123,000. C) The reported (par) value of common stock amounts to $110,000. D) The reported value of total stockholders' equity amounts to $308,000. E) The reported book value per share amounts to $28