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pls see the attached photo and answer the required in number 6 and 7 On December 31, 2015, the shareholders' equity section of R U

pls see the attached photo and answer the required in number 6 and 7

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On December 31, 2015, the shareholders' equity section of R U B Corporation reflected the following Common stock (par P10; authorized 60,000 shares, outstanding 25,000 shares) P250,000 Additional paid-in capital 12.000 Retained earnings 75,000 On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued April 30, 2016. The market value of the stock on February I was P18 Direction: a. Prepare the required entries for the declaration and distribution. b. Prepare the shareholders' equity section immediately after the stock dividend was declared c. Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity d. Prepare again the shareholders' equity immediately after the stock dividend was distributed. Compare the accounts against no. I above and explain the effects of this distribution on the a) assets, b) liabilities, and c) shareholders' equity 7 Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements

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