On December 31, the stockholders' equity section of the balance sheet of L&G Corporation reflected the following: Common stock (par $10; 60,200 shares authorized; 25,200 issued and outstanding) Additional paid-in capital Retained earnings $ 252,000 12,200 76,000 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? Stockholders' Equity Before After Stock Stock Stock Dividend Dividend Dividend Contributed Capital: Total Contributed Capital 0 0 0 Total Stockholders' Equity