$2.$ Ignoring part $1,$ On November $1,2024,$ Dunder Mifflin Corp, a publicly traded company, had these shareholders$$ equity accounts:

Common shares $($Unlimited number of shares authorized, $100,000$ issued$)$ $$600,000$

Contributed surplus $$25,000$

Retained earnings $$400,000$

On November $2$nd the company declared a $5\%$ stock dividend to common shareholders. The stock$$s market price was $$30\mathrm{.}00.$ November $15$th is the date of record and December $1$st is the date of payment. On November $15$th the stock$$s market price was $$31\mathrm{.}00$ and on December $1$st the stock$$s market price was $$32\mathrm{.}00.$

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction.

November $1,2024$

December $2,2024$

Number of common shares

$100,000$

Common shares

$$600,000$

Contributed surplus

$$25,000$

Retained earnings

$$400,000$