2. The stockholders equity section of the Willard Corporation's balance sheet shows: Paid-in ISaplital Common Stock. P 100 par {10.000 shares authorized 0.000 shares issued} F 800,000 Premium on Common Stock 40.000 P 040.000 Retained Earnings 200.000 Total Stockholders Equity P1 .040.000 The board of directors declares an annual cash dividend of P? per share, and. in addition. a 10% stock dividend. At the time of declaration. the fair market value of the common stock to be issued is P 120. Present {a} the entry to record the declaration of the cash dividend. {b} the entry to record the declaration of the stock dividend. to] the stockholders equity section after the completion of the above transactions and the payment of the stock dividend