Question: Help Save & Exit Submit On July 1, Davidson Corporation had the following capital structure: Common stock ( $3 par value) Additional paid-in capital Retained

 Help Save & Exit Submit On July 1, Davidson Corporation had

Help Save & Exit Submit On July 1, Davidson Corporation had the following capital structure: Common stock ( $3 par value) Additional paid-in capital Retained earnings Treasury stock $ 624,000 920,000 710,000 0 Required: Complete the table below for each of the two following independent cases: ((Round "Par value per share" amounts to 2 decimal places.) Case 1: The board of directors declared and issued a 60 percent stock dividend when the stock was selling at $5 per share. Case 2: The board of directors announced a 6-for-5 stock split (.e., a 20 percent increase in the number of shares). The market orice prior to the split was $5 per share. After Stock Dividend After Stock Split Before Dividend and Split $ 624,000 $ 3.00 Items Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity $ 920,000 710,000 $

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