On December 31, the stockholders equity section of the balance sheet of Attic Storage reflected the following:

Common stock (par $10; 61,400 shares authorized; 26,400 issued and outstanding)	$ 264,000
Additional paid-in capital	13,400
Retained earnings	82,000

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.
2. If the stock dividend were 100%, would the additional paid-in capital account be affected?

(Just need those 4 numbers marked as wrong)

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 After Stock Stock Dividend Stock Dividend Dividend Contributed Capital: Common Stock Additional Paid-In Capital $ 264,000 $ 13,400 31,680 $ 295,680 0 X 13,400 X Total Contributed Capital Retained Earnings 277,400 82,000 31,680 31,680 309,080 50,320 X Total Stockholders' Equity $ 359,400 $ 359,400