The stockholders equity for Dunelit Inc on December 31 2011
The stockholders’ equity for Dunelit, Inc., on December 31, 2011, follows:


On January 31, 2012, the market price of Dunelit’s common stock was $17 per share and the company distributed a 20% stock dividend.

Requirements
1. Journalize the declaration and distribution of the stock dividend.
2. Prepare the stockholders’ equity section of the balance sheet after the stockdividend.
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