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Q.1. (1). Bilal owns 1,200 shares of Decent Company's common stock at a current market price of 590 per share. If Decent Company splits its stock under the 3 for 1 formula, then calculate what would Bilal's position be after the split? (Marks 10) (11) XYZ company declared a cash dividend of Rs 12 per share of ordinary shares of July 1,2021. the dividends are payable on august 1, 2021 to shareholders of record on July 21, 2021. The company has 100000 ordinary shares issued of which 7000 shares are held in treasury. Pass two journal entries to record the dividend declaration and dividend payment. (Marks 10)