! View previous attempt Check my work Required information. [The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: Paid-in capitals Preferred stock, $120 par value, 61, cumulative, 100,000 shares authorized, 90,000 shares issued and outstanding Common stock, $6 par value, 600,000 shares authorized, 390,000 and 370,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity May 31, 2019 April 30, 2019 $10,800,000 $10,000,000 ? 2,220,000 14,300,000 11,074,000 14,750,000 12,150,000 (1,656,000) (1,632,000) $37,562,000 f-1. Assume that on June 1 the market value of the common stock was $38 per share and that the board of directors declared a 5% stock dividend on the issued shares of common stock. Use the horizontal model to show the issuance of the stock dividend. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Stockholders' Equity +Retained earnings +Common stock +Additional paid-in capital Rev Net Income