1a. Landess Corporation currently has 120,000 shares outstanding of $1 par value common stock. The stock was originally issued for $12 per share. On March 15, the board of directors declares and distributes a 10% stock dividend when the stock is selling for $16 per share. Show the journal entry to record the stock dividend.

1b. If Landess authorized a 2 for 1 stock split instead of a stock dividend, what two amounts are affected and what would be the amounts after the split?