Accounting Help

On December 31,2011, the shareholders' equity section of the balance sheet of R & L Corporation reflected the following: On February 1,2012, the board of directors declared a 12 percent stock dividend to be issued April 30,2012. The market value of the shares on February 1,2012, was $16 per share. Required: For comparative purposes, prepare the shareholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. (Omit the "$" sign in your response.)