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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend).
Common stock—$5 par value, 555,000 shares authorized, 290,000 shares issued and outstanding $ 1,450,000
Paid-in capital in excess of par value, common stock 670,000
Retained earnings 923,000
Total stockholders' equity $ 3,043,000
Prepare the stockholders' equity section immediately after the stock dividend.
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