Stockholders’ Equity Section Zacman Company’s Balance Sheet April 1 Follows April 2 Zacman D

The stockholders’ equity section of Zacman Company’s balance sheet as of April 1 follows. On April 2, Zacman declares and distributes a 10% stock dividend. The stock’s per share market value on April 2 is $25 (prior to the dividend). Common stock—$5 par value, 375,000 shares authorized, 150,000 shares issued and outstanding$750,000 Paid-in capital in excess of par value, common stock 352,500 Retained earnings 633,000 Total stockholders’ equity$1,735,500