Accounting Help

On December 31, 2011, the shareholders' equity section of the balance sheet of R & L Corporation reflected the following: Common shares (par $10; authorized 66,000 shares, outstanding 28,600 shares) $286,000 19,200 Additional paid-in capital 111,000 Retained earnings On February 1, 2012, the board of directors declared a 11 percent stock dividend to be issued April 30, 2012. The market value of the shares on February 1, 2012, was $19 per share Required: 1. For comparative purposes, prepare the shareholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. (Omit the sign in your response.) Shareholders' Equity Before After Stock Dividend Stock Dividend Contributed Capital Common Shares, par$10, auth. 66,000 shares Additional paid-in capital Retained earnings Total shareholders equity