On November 1, 2014, Kalen Corporation's stockholders' equity section is as follows: $\begin{array}{lr}
\text { Common stock, } \$ 10 \text { par value } & \$ 600,000 \
\text { Paid-in capital in excess of par value-Common Stock } & 180,000 \
\text { Retained earnings } & 200,000 \
\text { Total stockholders' equity } & \underline{\$ 980,000}
\end{array}$ On November 1, Kalen declares and distributes a 15% stock dividend when the market value of the stock is $16 per share.
Instructions
Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed.

Question

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The Answer of On November 1, 2014, Kalen Corporation's stockholders' equity section is as follows: $\begin{array}{lr}
\text { Common stock, } \$ 10 \text { par value } & \$ 600,000 \
\text { Paid-in capital in excess of par value-Common Stock } & 180,000 \
\text { Retained earnings } & 200,000 \
\text { Total stockholders' equity } & \underline{\$ 980,000}
\end{array}$ On November 1, Kalen declares and distributes a 15% stock dividend when the market value of the stock is $16 per share.
Instructions
Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed.

On November 1, 2014, Kalen Corporation's Stockholders' Equity Section Is