The stockholders' equity section of Jun Co.'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 $20 (prior to the dividend), Common stock-$5 par value, 375,600 shares authorized, 280,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,800,000 600,eee 833,000 $2,433,eee Prepare the stockholders' equity section immediately after the stock dividend is distributed JUN CO. Stockholders' Equity April 2 (after stock dividend) 0 Total paid.in capital $ 0 Total stockholders' equity Stockholders' equity of Ernst Company consists of 80.000 shares of $5 par value, 8% cumulative preferred stock and 250,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception, Ernst did not declare any dividends in the prior year, but it now declares and pays a $110,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company Answer is not complete. Par Value per Preferred Share $ 64,000.00 Dividend Rate Dividend per Preferred Share Number of Preferred Sharon Preferred Dividend for two Years Calculation of proferred dividend 96 $ 46,000 Total cash dividend To preferred shareholders To common shareholders $ 46,000