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On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following Common stock (par $10, authorized 61,900

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On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following Common stock (par $10, authorized 61,900 shares, outstanding 26,900 shares) $269,000 Additional paid-in capital Retained earnings 3,900 84,500 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 Stockholders' Equity Stock DividendDividend Stock Before Stock After Contributed Capital Total Contributed Capital Total Stockholders' Equity

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