4) Rice Corporation reported the following shareholders' equity items on December 31, 2014 Preferred shares, $5, cumulative, 7,000 shares authorized, 1,000 shares issued $153,200 Common shares, 10,000 shares authorized, 5,000 shares issued 550,000 Retained earings 455,300 Consider each of the following cases independently 1) How many common shares would be outstanding if Rice Corporation declares a 4-for-1 stock split? 2) 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. 4) Give the journal entry to record the sale of 800 common shares for $125 per share