Assume That Wei Company's Stockholders' Equity Category of the Balance

Assume that Wei Company's Stockholders' Equity category of the balance sheet appears as follows as of January 1,2017: $$\begin{array} { l r } \text { Common stock, } \$ 15 \text { par, } 7,000 \text { shares issued and outstanding } & \$ 105,000 \\\text { Additional paid-in capital-common } & 70,000 \\\text { Retained earnings } & \underline{ 300,000 }\\\text { Total stockholders' equity } & \underline{ \$ 475,000} \\\end{array}$$
Assume that Wei's common stock is selling at $35 per share on that date.
Required
1.Assume that on January 2,2017,Wei declares a 10% stock dividend to common stockholders to be distributed on April 1,2017.Determine the impact on the accounting equation of the journal entry to be recorded by Wei.
2.Instead of (1)above,assume that on January 2,2017,Wei declares a 100% stock dividend to be distributed on April 1,2017.Determine the impact on the accounting equation of the journal entry to be recorded by Wei.
3.Determine the impact on the accounting equation of the entry that would be made when the stock in (2)above is actually distributed.