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On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected te following Common stock (par $10: authorized 61,500

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On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected te following Common stock (par $10: authorized 61,500 shares, outstanding 26,500 shares)$265,000 13,500 Additional paid-in capital Retained eamings 82,500 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 Before Stock DividendDividend After Stock Stock Contributed Capitat: Total Contributed Capital Total Stockholders' Equity 2. If the stock dividend were 100%, would the balance in additional pad-n capital change? Yes

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