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, 236,000
Shares issued, ? ;issue price $15 per share; cash collected in full	$	2,197,500
Net earnings		135,000
Dividends declared and paid		73,000
Prior-period error, correction of an accounting error (a credit, net of income tax)		9,300
Retained earnings, beginning balance 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. Does issuing a 100% stock dividend instead of a 100% stock split have any effects on shareholders equity components? multiple choice Yes No 7-b. 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.)