The stockholders' equity section of the balance sheet for Pental, Inc., follows before the stock dividend. Common stock, $1 par, 100,000 shares issued and outstanding $100,000 Additional paid-in capital 50,000 Retained earnings 450,000 Total stockholders' equity $600,000 Pental, Inc., declared a 5% stock dividend when the market price per share was $10.
Required: In the space next to each account, determine the amounts of each account after the stock dividend was distributed.
Common Stock
Additional paid in capital
retained earnings