The stockholders' equity section of the December 31, 2019, balance sheet for Rustic Exteriors, Inc....
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The stockholders' equity section of the December 31, 2019, balance sheet for Rustic Exteriors, Inc. before its recent stock dividend: Common Stock, $5 par, 100,000 $ 500,000 shares issued and outstanding Additional Paid-in Capital,-- 100,000 Common Stock Retained Earnings 725,000 Total Stockholders' Equity $1,325,000 Rustic declared a 10% stock dividend when the market price per share was $8.00. After the stock dividend, the components of Inglenook's stockholders' equity section were: Common Stock - Addition Additional Paid-in Capital $100,000 Retained Earnings $645,000 $580,000 Common Stock $550,000 Retained Earnings Recamed Ear $805,000 Common Stock $580,000 Stock Additional Paid-in Capital $100,000 Additional paid-in Additional paid-in Capital $130,000 Additional Paid in Capital $130,000 Retained Earnings $805,000 Common Stock Additional Paid-in Retained Earnings $645,000 $550,000
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