Question: Question 4 On January 1 , 2 0 2 6 , Dodd, Inc. declared a 1 0 % stock dividend on its common stock when

Question 4On January 1,2026, Dodd, Inc. declared a 10% stock dividend on its common stock when the fair value of the o stock was $30 per share. Stockholders' equity before the stock dividend was declared consisted of:Common stock, $10 par value, authorized 200,000 shares;issued and outstanding 120,000 sharesAdditional paid-in capital on common stockRetained earnings$1,200,000150,000700,000

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