Do you C v ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%... ( * updates Apps M Gmail YouTube V Maps & ID Question 3 - Exa.. Reading List Assignment 5 (Ch 10 & 11) i Saved Help Save & Exit "Submit 5 On December 31, 2019, the shareholders' equity section of the balance sheet of R & L Corporation reflected the following: Common shares (no-par value; authorized 60,000 shares; outstanding 15,000 shares) $150, 000 Contributed surplus 11, 000 Retained earnings 65 , 000 10 points 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 $13.00 per share. Required: 1. 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.) Shareholders' Equity Before After Stock Adjustment Stock Dividend Dividend Contributed capital Common shares $ 150,000 $ 15,600 $ 165,600