Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 750,000...
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Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 750,000 1,080,000 850,000 0 Required: Complete the table below for each of the two following independent cases: ((Round "Par value per share" amounts to 2 decimal places.) Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $6 per share. Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $6 per share. X Answer is not complete. Items Before Dividend and Split 750,000 After Stock Dividend $ 1,050,000 After Stock Split Common stock account $ $ 4.00 $ 4.00 $ 3.33 187,500 262,500 $ Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity 1,080,000 $ 1,290,000 $ 850,000 $ 2,680,000 $ 2,680,000 $ 2,680,000
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