Reformulated Capital Structure. Blake Company’s capital structure on December 30, 20X1, was: Common stock ($1 par, 100,000 shares)                                 $100,000 Paid-in capital on common...

Reformulated Capital Structure. Blake Company’s capital structure on December 30, 20X1, was:

Common stock ($1 par, 100,000 shares)                                 $100,000

Paid-in capital on common stock                               20,000

Retained earnings                                                           680,000

Total stockholders’ equity                                            $800,000

The company’s net income for 20X1 was $150,000. It paid out 40 percent of earnings in dividends. The stock was selling at $6 per share on December 30.

Assuming the company declared a 5 percent stock dividend on December 31, what is the reformulated capital structure on December 31?