11B-1. On January 4 KATIE Incorporated has the following balances in its owners' equity accounts: APIC-COMMON COM ST ($4 par) RETAINED EARN 60000 80000 98000 a. On that date KATIE announces and distributes a 10% stock dividend. At this point in time the market price of the stock is $20 per share. Show the necessary accounting entries. b. Show the necessary accounting entries if KATIE had announced and distributed a 40% stock dividend on January 4 instead of the small stock dividend discussed in a. 0000 11B-3. (Similar to problem 11B-2) ASHLEY company has the following owners' equity section on its balance sheet: COM ST ($2 par) APIC-COMMON RETAINED EARN 208000 97000 52000 a. On May 8 ASHLEY repurchases 1,500 shares on the open market for $24 per share. Show the appropriate entries. b. On June 17 ASHLEY resells 500 of these shares for $30 each. Show the appropriate entries. c. On July 5 ASHLEY resells 600 shares of its remaining treasury stock for $6 per share. Show the appropriate entries. d. On August 12 ASHLEY decides to retire shares in the treasury. The shares being retired were originally issued by the firm for $10 per share - $2 recorded in the common stock account and $8 recorded in the additional paid- in-capital account. Show the appropriate entries