On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.10 par value)...
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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.10 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities $ 63,000 1,930,000 830,000 20,500 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 $10 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $13 per share. Items After Cash Dividend After Stock Dividend After Stock Split Before any Dividend $ 63,000 $ 0.1 Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivities $ 1,930,000 $ 830,000 $ 20,500
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