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The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On...

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Accounting

The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend).

Common stock$5 par value, 465,000 shares
authorized, 245,000 shares issued and outstanding $ 1,225,000
Paid-in capital in excess of par value, common stock 580,000
Retained earnings 878,000
Total stockholders' equity $ 2,683,000

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