By Matt Hladik The Academy of Motion Pictures Arts and Sciences has officially weighed in on Will Smith slapping Chris Rock on stage during last night’s awards show. In a statement this afternoon, the Academy condemned Smith’s actions and announced it would be commencing a formal review of the incident, which stunned viewers watching on television and following on social media. “The Academy condemns the actions of Mr. Smith at last night’s show,” the statement reads. “We have officially started a formal review…and will explore further action and consequences in accordance with our Bylaws, Stan…