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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 10% stock
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's 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 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,200,000 570,000 873,000 $ 2,643,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. Common stock JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Paid-in capital in excess of par value, common stock Total paid-in capital Retained earnings Total stockholders' equity 0 $ 0
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