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On January 1, Biofuel Corporation had the following capital structure:

Common stock ($0.10 par value)	$	60,000
Additional paid-in capital		1,900,000
Retained earnings		800,000
Treasury stock		0
Cash flows from financing activities		19,000

Required:

Complete the table below for each of the three following independent cases:

Case 1: The board of directors declared a cash dividend of $0.02 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 $10 per share.

Required: Complete the table below for each of the three following independent cases: Case 1: The board of directors declared a cash dividend of $0.02 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 $10 per share. Items After Cash Dividend After Stock Dividend After Stock Split Before Any Dividends $ 60,000 $ 0.10 Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivities $ 1,900,000 800,000 $ $ $ 19,000

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