At the beginning of 2018, the shareholders' equity section of the statement of financial position of Ponti Corporation reflected the following: e l the carmined and outstanding 38,00 sharese number Common shares, no par value, authorized unlimited number of shares, issued and outstanding 38,000 shares Retained earnings s 300. $ 380,000 790,000 On February 1, 2018, the board of directors declared a 100 percent stock dividend to be issued on April 30, 2018. The price per common share was $19 on February 1, 2018. 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. Shareholders' Equity Before Stock After Stock Dividend Dividend Share capital: nS Total shareholders' equity 2. Determine the effects of this stock dividend on assets, liabilities, and shareholders' equity. (Indicate the direction of the effect by selecting increase, decrease, or "No change" for no effect from the dropdown menu.) Item Effects of Stock Dividend Assets Liabilities Shareholders' equity: Total shareholders' equity Retained earnings Share capital