Question: please provide step by step solution Gordon's Meats has 6,500 shares of stock outstanding. The market value is $26.50 per share. The statement of financial

please provide step by step solution

Gordon's Meats has 6,500 shares of stock outstanding. The market value is $26.50 per share. The statement of financial position shows $48,200 in the common stock account, and $142,900 in the retained earnings account. The firm just announced a 5 percent stock dividend. What will the balance be in the common stock and retained earnings accounts after the dividend

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