On August $31,$ Telectric, Inc., declared a $75\%$ stock dividend. On the declaration date, there were $64,000$ shares of $$5$ par value common stock outstanding and the market price was $$20$ per share.

Retained earnings equaled $$720,000$ on August $31.$

Use the financial statements effects template to report the effects of the stock dividend, assuming all shares were distributed.

Use negative signs with your answers, when appropriate. Select $"$N$/$A$"$ as your answer if a part of the equation is not effected.On August $31,$ Telectric, Inc., declared a $75\%$ stock dividend. On the declaration date, there were $64,000$ shares of $$5$ par value common stock outstanding and the market price was $$20$ per share.

Retained earnings equaled $$720,000$ on August $31.$

Use the financial statements effects template to report the effects of the stock dividend, assuming all shares were distributed.