Common stock (par $10; 62,000 shares authorized; 27,000 issued and outstanding)	270000
Additional paid-in capital	14000
Retained Earnings	85000

On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share.

Required:

1. For comparative purposes, prepare the stockholders equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend.

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend