The current stockholders' equity account for Hilo Farms is as follows:Common stock (50,000 shares at $3 par)$150,000Paid-in capital in excess of par250,000Retained earningsTotal stockholders' equityHilo has announced plans to issue an additional 5,000 shares of common stock as part of its stock dividend plan. The current market price of Hilo's common stock is$20 per share. Show how the proposed
stock dividend
would affect the stock-holder's equity accoun