At the beginning of the year, the shareholders equity section of the statement of financial position of R & B Corporation reflected the following:

Common shares (no par value, authorized 73,000 shares, outstanding 36,500 shares)	$	438,000
Contributed surplus		18,500
Retained earnings		181,500
Accumulated other comprehensive income		34,500

On February 1, the board of directors declared a 10 percent stock dividend to be issued on April 30. The market value per share was $16 on the declaration date. Required: a. For comparative purposes, prepare the shareholders equity section of the statement of financial position before the stock dividend and after the stock dividend.b. Determine the effects of this stock dividend on the companys 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.)

\begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Item } & Effects of Stock Dividend \\ \hline Assets & \\ \hline Liabilities & \\ \hline Shareholders' equity: & \\ \hline Total shareholders' equity & \\ \hline Retained earnings & \\ \hline Share capital & \\ \hline \end{tabular}