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

Prepare the stockholders equity section immediately after the stock dividend is distributed.

Common stock$5 par value, 555,000 shares authorized, 290,000 shares issued and outstanding	$ 1,450,000
Paid-in capital in excess of par value, common stock	670,000
Retained earnings	923,000
Total stockholders' equity	$ 3,043,000