1. Fenway Entertainment Corporation's shareholders' equity section at December 31, 2013 appears below: Shareholders' equity Common shares, no par value, 60,000 shares issued $700,000 Retained earnings 250,000 Total shareholders' equity $950,000 a) On June 30, 2014, the board of directors of Fenway Entertainment Corporation declared a 10% stock dividend, payable on July 31, 2014, to shareholders of record on July 15, 2014. The fair market value of Fenway Entertainment Corporation's shares on June 30, 2014, was $15 per share. b) On December 1, 2014, the board of directors declared a 3-for-1 stock split effective December 15, 2014. Fenway Entertainment Corporation's shares were selling for $15 on December 1, 2014, before the stock split was declared. a. Instructions Prepare the journal entries on the appropriate dates to record the stock dividend. Use the general journal template. b. After the stock split, how many common shares exist? What is the value per share after the stock split? C