3. Cambridge has 500,000 shares of $3 par value common stock outstanding. The current market price of the stock is $225 per share Cambridge distributes a stock dividend of 15% of the outstanding shares of common stock Required Record the joumal entry when the stock dividend is declared and the journal entry when the stock dividend is paid The August 1, 2019 balance sheet for Dress Company reported 24,000 shares of $10 par value common stock that were issued and outstanding Common Stock Additional Paid in Capital $240,000 $250,000 On August 2, 2019, the company splits its stock 2-for-1. Required a. How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance of common stock immediately after the stock split