Cascade Supply Company 420,000 shares of $12-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $19/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration?
◦ $205,800
◦ $352,800
◦ $911,400
◦ $558,600