The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stocks per share market value on April 2 is $20 (prior to the dividend).

Common stock$5 par value, 375,000 shares authorized,200,000 shares issued and outstanding$1,000,000Paid-in capital in excess of par value, common stock600,000Retained earnings833,000Total stockholders' equity$2,433,000