14) Koffler Corp. reported the following shareholders' equity: Share capital: *Preferred shares, 30,000 shares authorized, 7,500 shares issued, redemption value, $53.50 $393,750 "Common shares, 200,000 shares authorized, 135,000 shares issued = $607,500 Total share capital = $1,001,250 Retained earnings = $218,500 Total shareholders' equity = $1,219,750 Required: a) The board of directors declared a 10% common stock dividend when the market price of the shares was $7 per share. Prepare the necessary journal entries to record the declaration and distribution of the common shares dividend. b) What effect did the distribution of the common shares dividend have on: 1-total assets 2-total liabilities 3-total share capital 4-total shareholders' equity c) Assuming all required preferred shares dividends have been paid, calculate the book value of a share of common shares before and after the common shares dividend. If Smith Jones owned 100 shares of Koffler's common shares before the stock dividend, what is the total book value of Smith's shares before and after the stock dividend