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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 20% stock
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2. Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 445,000 shares authorized, 235,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,175,000 560,000 868,000 $ 2,603,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. JUN COMPANY Stockholders' Equity Common stock April 2 (after stock dividend) 1,410,000 795,000 Paid-in capital in excess of par value, common stock Total paid-in capital Retained eamings Total stockholders' equity 2,205,000 868,000 $ 3,073,000
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