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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) $ Additional paid-in capital 77,000 2,070,000 970,000 Retained earnings Treasury

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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) $ Additional paid-in capital 77,000 2,070,000 970,000 Retained earnings Treasury stock 0 Cash flows from financing activities 27,500 Required: Complete the table below for each of the three following independent cases (Round "Par per share" answers to 2 decimal places.): Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $27 per share. Items Before any Dividend After Cash Dividend After Stock After Stock Dividend Split Common stock account $ Par per share $ Shares outstanding Additional paid-in captial $ Retained earnings $ Total stockholder's equity $ Cash flows from financing activities $ 77,000 77000 0.5 154,000 2,070,000 970,000 3,117,000 27,500

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