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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 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 $25 (prior to the dividend).
Common stock$5 par value, 455,000 shares
authorized, 240,000 shares issued and outstanding$1,200,000
Paid-in capital in excess of par value, common stock 570,000
Retained earnings 873,000
Total stockholders' equity$2,643,000
Prepare the stockholders equity section immediately after the stock dividend.
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