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At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: Common stock ($12 par value;

At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: Common stock ($12 par value; 84,000 shares authorized, 49,000 shares outstanding) $ 588,000 Additional paid-in capital 138,000 Retained earnings 752,000 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 $15 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.

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