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the stockholders equity section of jun company s balance sheet as of april 1 follows. on april 2 jun declares a 1 5 % stock

the stockholders equity section of jun companys balance sheet as of april 1 follows. on april 2 jun declares a 15% stock dividend. the stocks per share market value on april 2nd $15
common stock - $5 par value 505,000 shares authorized ,265,000 shares issues and outstanding -1,325,000
paid in capital in excess of par value common stock -620,000
retained earnings -898,000
total stockholders ewuity - $2,843,000

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