At the beginning of 2018, 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 37,300 shares Retained earnings $ 373,000 776,000 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 $16 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: Total shareholders equity 0 $ 2. Determine the effects of this stock dividond on assets. liabilities, and shareholders' equity. (Indicate the direction of the offect by selecting increaso, decrease, or "No change" for no effect from the dropdown menu.) Item Effects of Stock Dividend Assets