On June 30, 2018, Samuel, Inc. showed the following data on the equity section of their balance sheet:Stockholders' equityCommon stock, $1 par; 199,000 shares authorized, 157,000shares issued and outstanding $157,000Paid-In Capital in Excess of ParCommon $262,000Retained Earnings 957,000Total Stockholders' Equity $1,376,000On July 1, 2018, the company declared and distributed a 6% stock dividend. The market value of the stockat that time was $14 per share. Following this transaction, what is total stockholders' equity? A) $1,376,000 B) $1,302,860 C) $1,208,840 D) $1,558,140
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