Prepare the stockholders equity section immediately

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The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend).

Common stock-$5 par value, 475,000 shares authorized, 250,000 shares issued and outstanding$1,250,000

Paid-in capital in excess of par value, common stock 590,000

Retained earnings 883,000

Total stockholders' equity $2,723,000

Problem 1: Prepare the stockholders' equity section immediately after the stock dividend is distributed.

Reference no: EM132869172

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