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QS 11-8(Algo) Reporting a small stock dividend LO P2 The stockholders' equity section...

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Accounting

QS 11-8(Algo) Reporting a small stock dividend LO P2
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15%
stock dividend. The stock's per share market value on April 2 is $15(prior to the dividend).
Common stock-$5 par value, 515,000 shares
authorized, 270,000 shares issued and outstanding $1,350,000
Paid-in capital in excess of par value, common stock 630,000
Retained earnings
Total stockholders' equity
$2,883,000
Prepare the stockholders' equity section immediately after the stock dividend is distributed.
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