The Stockholders' Equity Section of the Balance Sheet for High

Essay

The Stockholders' Equity section of the balance sheet for High Five Design Company appeared as follows before its recent stock dividend:

$$\begin{array} { l r } \text { Common stock, } \$ 3 \text { par, } 100,000 \text { shares issued and outstanding } & \$ 300,000 \\\text { Additional paid-in capital-Common } & 150,000 \\\text { Retained earnings } & \underline{ 425,000} \\\text { Total stockholders' equity } & \underline{\$ 875,000 }\\\end{array}$$
High Five declared a 10% stock dividend when the market price per share was $7.In the space provided,write in the amounts of each of the components of the Stockholders' Equity section,after the stock dividend was distributed.
$\begin{array}{ll}\text { Common stock } & \$\underline{\quad\quad} \\\text { Additional paid-in capital—common stock } & \$\underline{\quad\quad} \\\text { Retained earnings } & \$\underline{\quad\quad}\end{array}$