The company with the common equity accounts shown here has declared a 12 percent stock dividend at a time when the market value of its stock is $59 per share.
Common stock ($1 par value) $ 400,000
Capital surplus 1,572,000
Retained earnings 3,864,000
Total owners’ equity $ 5,836,000
Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Common stock $:
Capital surplus:
Retained earnings:
Total owners’ equity $: