At the beginning of 2015, the shareholders? equity section of the statement of financial position of Ponti Corporation reflected the following:

Common shares, no par value, authorized unlimited
number of shares, issued and outstanding 38,000 shares	$	380,000
Retained earnings		790,000

On February 1, 2015, the board of directors declared a 100 percent stock dividend to be issued on April 30, 2015. The price per common share was $19 on February 1, 2015.

Required:
1.	For comparative purposes, prepare the shareholders? equity section of the statement of financial position (a) before the stock dividend and (b) after the stock dividend.

2.	Determine the effects of this stock dividend on assets, liabilities, total shareholders? equity, retained earnings and share capital.(Indicate the direction of the effect by selecting increase, decrease, or "No change"

Required: 1. Fer mmparatjve purposes, prepare the ehareheldere' equin section of the etetement of nancial pesitien [a] hefdre the steak dividend and [h] after the steak dividend. Share ca pital: Outstanding 33$!!!) shares Outstanding T shares Retained ea minge Tetal eha rehelders' equityr