Issuance, Splits, Dividends (Alternate is 10-54.) AT&T's December 31, 2002 balance sheet showed total shareowners' equity of $12,312 million and indicated the following detail: Common stock, par value $1.00 per share $783,000,000 1. Suppose AT&T had originally issued 200 million shares of common stock, $1 par, for $14 cash per share many years ago, for instance, on December 31, 19X1. Prepare the journal entry. 2. Suppose AT&T had accumulated earnings of $5 billion by December 31, 19X5. The board of directors declared a two-for-one stock split and immediately exchanged two $.50 par shares for each share outstanding. Prepare the journal entry, if any. Present the stockholders' equity section of the balance sheet before and after the split. 3. Repeat requirement 2, but assume that one additional $1 par share was issued by AT&T for each share outstanding (instead of exchanging shares). 4. What journal entries would be made by the investor who bought 2,000 shares of AT&T common stock and held this investment throughout the time covered in requirements 1, 2, and 3?