On December 31, the stockholders equity section of the balance sheet of R & B Corporation reflected

Question:

On December 31, the stockholders’ equity section of the of R & B reflected the following:
Common stock (par $10; authorized 60,000 shares, outstanding 25,000 shares).. $250,000
Additional paid-in capital………………………………………………………….. 12,000
Retained earnings………………………………………………………………….. 75,000
On February 1 of the following year, a 12 percent stock was issued. The market value of the stock on February 1 was $ 18 per share.
Required:
1. For comparative purposes, prepare the stockholders’ equity section of the (a) immediately before the stock and (b) immediately after the stock How would your answer to requirement 1 change if the stock were 100%?
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