Assume Garrison Guitar Company declared a $0.28 per share cash dividend and that the company has 25, 000 shares authorized, 19, 000 shares issued, and 12, 000 shares of common stock outstanding. The general journal entry to record the dividend declaration is: On August 31, 2013, Victory Corporation's common stock is priced at $30 per share before any stock dividend or split, and the stockholders equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 100% stock dividend