The stockholder equity of Tyron Company at the beginning of the day on February 5 follows.
- Common stock $25 par value, 150,000 shares
- authorized, 64,000 shares issued and outstanding $1,600,000
- Paid-in capital in excess of par value, common stock 525,000
- Retained earnings 671,800
- Total stockholders' equity $2,796,800
On February 5, the directors declare a 15% stock dividend distributable on February 28 to the February 15 stockholdrs of record. The stock's market value is $50 per share on February 5 before the stock dividend. The stock's market value is $43.60 per share on February 28.
Requirement;2. One stockholder owned 900 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock (Please help to show how to compute using the book value formula.