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Sun Energy Company declared a 10% stock dividend which increased its common stock and retained earnings. It then paid a $0.15 cash dividend, reducing retained earnings.

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please answer according to the given format, thanks Sun Energy Company has the following capital section in its balance sheet. Its stock is currently selling for $6 per share. The firm intends to first declare a 10 percent stock dividend and then pay a $0.15 cash dividend (which also causes a reduction of retained eamings). (Omit $ sign in your response.) Show the capital section of the balance sheet after the first transaction and then after the second transaction.

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  • 1. please answer according to the given format, thanks Sun Energy Company has the following capital section in its balance sheet. Its stock is currently selling for $6 per share. The firm intends to first declare a 10 percent stock dividend and then pay a $0.15 cash dividend (which also causes a reduction of retained eamings). (Omit $ sign in your response.) Show the capital section of the balance sheet after the first transaction and then after the second transaction.