Ruby Red Corp. stockholder's equity section of the balance sheet looks like this on July 30: Stockholder's Equity: Common Stock, $3 par, 250,000 shares authorized, 225,000 75,000 shares issued and outstanding Paid in Capital in excess of Par Value, Common Stock 600,000 Total Paid in Capital Retained Earnings Total Stockholder's Equity 825,000 570,000 1,395,000 a) Prepare the journal entry to record a 8% stock dividend declared and distributed on July 31 when the market rate was $15 per share. Date Description Debit Credit July 31 Retained Earnings Common Stock, $3 par Paid in Capital in Excess of Par Value, Common Stock b) Post the entries to the T-accounts provided. Common Stock, $3 par Retained Earnings Paid in Capital in Excess of Par Value, Common Stock c) Show how the stockholder's equity section of the balance sheet will look after this transaction. c) Show how the stockholder's equity section of the balance sheet will look after this transaction. Stockholder's Equity: Common Stock, $3 par, 250,000 shares authorized, * shares issued and outstanding Paid in Capital in excess of Par Value, Common Stock Total Paid in Capital Retained Earnings Total Stockholder's Equity d) Compare the provided July 30 stockholder's equity section to the one you completed in part C. For each item, select increase, decrease, or no change to explain how the equity section changed from July 30 to July 31. Common Stock, $3 par Increase Paid in Capital in excess of Par Value, Common Stock Increase Retained Earnings Decrease Total Stockholder's Equity No Change