The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend).

Common stock$5 par value, 465,000 shares
authorized, 245,000 shares issued and outstanding	$	1,225,000
Paid-in capital in excess of par value, common stock		580,000
Retained earnings		878,000
Total stockholders' equity	$	2,683,000