Consider the following data: Amount ($) Common stock ($1 par value) - 400,000 Capital surplus - 900,000 Retained earnings 5,000,000 TOTAL OWNERS’ EQUITY 6,300,000 Current market price of shares = $51...

Consider the following data:
                                                  Amount ($)
Common stock ($1 par value)     - 400,000
Capital surplus                             - 900,000
Retained earnings                        5,000,000
TOTAL OWNERS’ EQUITY             6,300,000

Current market price of shares = $51 per share.

What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.

*Show manual workings. No Excel. You can type calculator inputs and outputs.