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On June 30, 2018, when Crane Company's stock was selling at $62 per share, its...

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Accounting

On June 30, 2018, when Crane Company's stock was selling at $62 per share, its capital accounts were as follows:

Capital stock (par value $50; 50000 shares issued)

$2500000
Premium on capital stock

500000
Retained earnings

4100000

If a 100% stock dividend were declared and distributed, capital stock would be

$6200000.

$2500000.

$3000000.

$5000000.

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