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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend.

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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend) Common stock-$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding $1,300,006 Paid-in capital in excess of par value, common stock 610,000 893,000 $2,803,000 Retained earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend Answer is complete but not entirely correct. JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Common stock s 1,300,000 Paid-in capital in excess of par value, common610,000 stock Total paid-in capital Retained earnings Total stockholders' equity 1,910,000 893,000 $ 2,803,000

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