3. JK Corporation (a US based company) has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $39 per share. The balance sheet shows $39,000 in the capital in excess of par account, $8,000 in the common stock account, and $152,000 in the retained earnings account. The firm just announced a 10 percent stock dividend. a. Prepare the owners' equity section of JK Corporation's Balance Sheet to show the effect of stock dividend. b. Rework the balance sheet to show the effect of stock split (2 for 1). Suppose, JK Corporation is contemplating paying a regular cash dividend of $1.5 per share instead of a stock dividend. The record date is on January 20 (Wednesday). When is the ex-dividend date? (6+2+2=10)