[mutwakil]

The stockholders' equity of Tyron Company at the beginning of the day on February 5 follows:


Common stock—$5 par value, 150,000 shares authorized, 71,000 shares issued and outstanding $ 355,000
Paid-in capital in excess of par value, common stock 525,000
Retained earnings 675,000
Total stockholders' equity $ 1,555,000
________________________________________

On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $56 per share on February 5 before the stock dividend. The stock's market value is $50 per share on February 28.

Requirement 1:
Prepare entries to record both the dividend declaration and its distribution. (Omit the "$" sign in your response.)

Date General Journal Debit Credit
Feb. 5 __________ ____________
__________ ____________
__________ ____________

Feb. 28 __________ ____________
__________ ____________
________________________________________

Requirement 2:
One stockholder owned 350 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 dividend of February 5. (Round "Book value per share" to 2 decimal places and the other answers to the nearest dollar amount. Omit the "$" sign in your response.)

Before After
Book value per share $ ____________ $ ____________
Total book value of shares $ ____________ $ ____________
________________________________________

Requirement 3:
Compute the total market value of the investor's shares in requirement 2 as of February 5 and February 28. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

February 5 February 28
Total market value of shares owned $ ____________ $ ____________