On February $1,2020,$ the board of directors declared a $8$ percent stock dividend to be issued on April $30,2020.$ The market value of the shares on February $1,2020,$ was $$21\mathrm{.}50$ per share.

Required:

For comparative purposes, prepare the shareholders' equity section of the balance sheet $($a$)$ immediately before the stock dividend and $($b$)$ immediately after the stock dividend. $($Amounts to be deducted should be indicated with a minus sign.$)$

On December $31,2019,$ the shareholders' equity section of the balance sheet of R & L Corporation reflected the following:

$\backslash$table$[[$Comision shares $($no$-$par value; authorized $60,000$ shares; outstanding $32,000$ shares$),$$$320,000$