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On July 1, Davidson Corporation had the following capital structure: Common stock...

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Question

Accounting

On July 1, Davidson Corporation had the following capital structure:
Common stock ( $4 par value) $ 780,000
Additional paid-in capital 1,030,000
Retained earnings 740,000
Treasury stock 0
Required:
Complete the table below for each of the two following independent cases:
Note: Round "Par value per share" amounts to 2 decimal places.
Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $6 per share

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