7. A company had 166000 shares authorized, 99600 shares issued and 89320 shares outstanding of $9 par common stock. On November 1, the company decides to give a $2.2 per share cash dividend to shareholders as of November 20 to be paid November 30 . Prepare the journal entries necessary for each date (if not entry is required that date, make a note a journal entry is not required). 8. A company has 12900 shares of $20 par common stock authorlzed, Issued, and outstanding. If the company decides to do a 4-1 stock split, show the effecs on the shares, par value; and the total dollar amount of common stock? Authorized, issued and outstanding shares: Par Value: Total Common Stock