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  3. sun energy company has the following capital secti

Sun Energy Company has the following capital section in its balance sheet. Its stock is...

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Finance

Sun Energy Company has the following capital section in its balance sheet. Its stock is currently selling for $5 per share.

Common stock (50,000 shares) $100,000
Retained earnings 250,000
$350,000

The firm intends to first declare a 10 percent stock dividend and then pay a $0.20 cash dividend (which also causes a reduction of retained earnings). (Omit $ sign in your response.)

Show the capital section of the balance sheet after the first transaction and then after the second transaction.

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