Ace Manufacturing Transactions: 2019 - Ace Manufacturing issued the following stock for cash: Jan. 1- Preferred stock 10 000 shares @ $100 per share. Jan. 15 - Common stock 100 000 shares @ $20. Jun. 1- They declared a cash dividend of $2 on the preferred stock. Jun. 30 They paid the preferred cash dividend. Dec. 31 - They closed the dividend account. 2020 Jan. 15 - They declared a stock dividend of 10% for the common stock, and the current market price was $30. Feb. 30 - They issued the common stock dividend. Dec. 31 - They closed the dividend account. 2021 - Mar. 1- The common stock was now worth $100, so they split it in half. (a) Complete the above transactions in the general journal. Explanations are not required. Leave a space between each entry. Date Description Debit Credit 2019 Date 2020 Description Debit Credit (b) Based on the March 1 transaction, what is the number of outstanding common stock shares on March 31, 2020?