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38,000 shares outstanding) S 380,000 Additional paid-in capital Retained earnings 26,000 754,000 On February 1, the board of drectors declared a 65 percent stock dividend

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38,000 shares outstanding) S 380,000 Additional paid-in capital Retained earnings 26,000 754,000 On February 1, the board of drectors declared a 65 percent stock dividend to be issued April 30. The market value of the stock on February 1 was $13 per share. The market value of the stock on April 30 was $18 per share. Required 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately atfter the stock dividend SOLUTIONS CORPORATION Balance Sheet (Partial At February 1, This Year Stockholders' Equity Common stock 380 Additional paidin capital Retained earmings Total stockhoiders equity 380,000$ eBook & Resources MacBook Air 9 0

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