4) Rice Corporation reported the following shareholders' equity items on December 31, 2014 $153,200 Preferred shares, $5, cumulative, 7,000 shares authorized, 1,000 shares issued Common shares, 10,000 shares authorized, 5,000 shares issued Retained earnings 550,000 $55,300 Consider each of the following cases independently: 1) How many common shares would be outstanding of Rice Corporation declares a t-tor-1 stock split? 21 Prepare the journal entry if Rice Corporation declared a 15% stock dividend on the common shares when the market price of common shares was $130 per share 3) Prepare the journal entry if Rice Corporation declared a 45% stock dividend on the common shares when the market price of common shares was $130 per share. Give the journal entry to record the sale of 800 common shares for $125 per share