Question: On October 1 , 2 0 2 4 , Liu Corporation declared and issued a 1 4 % stock dividend. Before this date, Liu had

On October 1,2024, Liu Corporation declared and issued a 14% stock dividend. Before this date, Liu had 78,000 shares of $5 par common stock outstanding. The market price of Liu Corporation on the date of declaration was $10 per share. As a result of this dividend, Liu's retained earnings will:

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