On November 1, 2014, Kalen Corporation’s stockholders’ equity section is as follows:



Common stock, $10 par value


$600,000




Paid-in capital in excess of par value—Common Stock


180,000




Retained earnings


200,000




Total stockholders’ equity


$980,000





On November 1, Kalen declares and distributes a 15% stock dividend when the market value of the stock is $16 per share.

Indicate the balances in the stockholders’ equity accounts after the stock dividend has been distributed.



Common stock


$http://edugen.wileyplus.com/edugen/art2/common/pixel.gif




Paid-in capital in excess of par value—Common Stock


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Retained earnings


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Total stockholders’ equity

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