Stockholders' equity for Capers, Inc as follows for Dec 31, 2011
Common Stock, $1 par, 20,000 shares authorized, 4,000 shares issued and Outstanding - $4000
Additional Paid in Capital - $20,000
Retained Earnings - $50,000
Market price of stock is $8 per share at Dec 31, 2011
A) What journal entry will be required to record the distribution of a 20% stock dividend on December 31, 2011?
B) What balance will be in the retained earnings account immediately following the stock dividend?
C) Prepare the stockholders' equity section of Druthers' balance sheet