CI On December 31, 2019, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following Common shares (no par value wuthorized 00.00 shares outstanding 21,000 shares) Contributed surplus Retained earnin 3230, 11. 71,00 On February 1, 2020, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2020. The market value of the shares on February 1, 2020, was $1700 per share Required: 1. For comparative purposes, prepare the shareholders' equity section of the balance sheet ( immediately before the stock dividend and immediately after the stock dividend (Amounts to be deducted should be indicated with a minun sign) Shareholders' Equity Before After Stack Adjustment Stock Dividend Dividend Contributed capital Total contributed capital Total shareholders' oquity 2. Which of the following statement(s) are true consequent upon the declaration of stock dividend? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Total assets will not change ? Total liabilities will not change Total shareholders' equity will change Retained earnings will be reduced by the amount of dividend 7 Common stock and Additional paid in capital will not change