At the end of the year, the records of Nortech Corporation provided the following selected and incomplete data: Common shares, no par value Shares authorized, 200,000 Shares issued,?;issue price $17 per share; cash collected in full Net earnings Dividends declared and paid Prior-period error, correction of an accounting error (a credit, net of income tax) Retained earnings, beginning balance $2,125,000 118,000 75,000 9,000 155,000 Assume that the company declared a 100 percent stock dividend instead of the 100 percent stock split. The market price of the common share was $21 when the dividend was declared. 7-a. If the company issues 100% stock dividend instead of issuing a two-for-one stock split, will the stock dividend affect any components of shareholders' equity? O Yes O No 7-6. Prepare the journal entry for the declaration of 100 percent stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry for issuing 100% Stock dividend. Note: Enter debits before credits Transaction 1 General Journal Debit Credit