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The stockholders' equity section of the balance sheet for Pental, Inc., follows before the stock dividend. Common stock, $1 par, 100,000 shares issued and outstanding $100,000 Additional paid-in capital 50,000 Retained earnings 450,000 Total stockholders' equity $600,000 Pental, Inc., declared a 5% stock dividend when the market price per share was $10.
Required: In the space next to each account, determine the amounts of each account after the stock dividend was distributed.
Common Stock
Additional paid in capital
retained earnings
Financial Statement Analysis and Preparation
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