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The DeWitt Companys shareholders equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a share. Common

The DeWitt Companys shareholders equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a share.

Common stock ($10 par value) 10,000,000

Additional paid-in capital 10,000,000

Retained earnings 15,000,000

Total shareholders equity 35,000,000

Required:

1. Reformulate the shareholders equity account, if the company pays a 25 percent stock dividend.

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