Chapter 11 Homework Problems Saved 2 7.5 points 02:04:15 E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 On July 1, Davidson Corporation had the following capital structure: Common stock ($3 par value) Additional paid-in capital Retained earnings Treasury stock Skipped Required: $696,000 990,000 710,000 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 $5 Case 2: The board of directors announced a 6-for-5 stock split. The market price prior to the split was $5 per shar eBook Hint Print References Items Before Dividend and Split After Stock Dividend After Stock Split Common stock account Par value per share $ 3.00 Shares outstanding Additional paid-in capital $ 990,000 710.0001