At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following:

	Common stock ($14 par value; 66,000 shares authorized, 49,000 shares outstanding)	$	686,000
	Additional paid-in capital		129,000
	Retained earnings		748,000

On February 1, the board of directors declared a 65 percent stock dividend to be issued April 30. The market value of the stock on February 1 was $17 per share. The market value of the stock on April 30 was $18 per share.

Required:

1. For comparative purposes, prepare the Stockholders Equity section of the balance sheet immediately before the stock dividend and immediately after the stock dividend.

SOLUTIONS CORPORATION Balance Sheet (Partial) At February 1, This Year Stockholders' Equity Before Stock Dividend After Stock Dividend Contributed capital: Common stock Additional paid-in capital Retained earnings Total stockholders' equity