Reference no: EM13337688

On March 1, Pluto Corporation declared and issued a 10% stock dividend on its 200,000 outstanding shares of $3 par value common stock. On September 1, Pluto declared a 3-for-1 stock slit and changed its par value accordingly. The market value of Pluto's stock was $20 per share on March 1 and $24 per share on September 1. On February 28, Pluto's stockholders' equity appeared as follows:

			Stockholders Equity February 28:
Common stock (200,000 $3 par shares issued					$600,000
Paid-in capital in excess of par					1,800,000
Contributed capital					2,400,000
Retained earnings					1,600,000
Total Stockholders' equity					$4,000,000

Required:

In the space below prepare, in good form, the stockholders' equity section after the stock split.

No partial credit will be awarded without detailed computations.