What is free cash flow? After closing the books at month end on June 30, 2018, Clayton Corporation's stockholders' equity section shows the following balances: Paid-in Capital Common stock, no par value, unlimited shares authorized 33,000 shares issued and outstanding $410,000 Retained Earnings $730,000 Total Stockholders' Equity $1,140,000 Do not enter dollar signs or commas in the input boxes. Scenario 1 The company declared and immediately distributed a 45% stock dividend. Current market price was $12. The company recorded the stock dividend by debiting Retained Earnings. a) Calculate the balance of retained earnings after the stock dividend, Clayton Corporation Statement of Retained Earnings For the Month Ended June 30, 2018 Opening Balance Less: Stock Dividend Balance - June 30, 2018