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Bears, Inc. has 10,000,000 million authorized shares of common stock and has 200,000 shares of $1 par common stock outstanding. On Aug. 9, when the

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Bears, Inc. has 10,000,000 million authorized shares of common stock and has 200,000 shares of $1 par common stock outstanding. On Aug. 9, when the market price of common stock was $9 per share, Bears declared a 15% stock dividend that was distributed on August 28th. On September 16, Bears declared a $0.15 cash dividend. The cash dividend was paid on Oct. 12th, (1) determine the number of shares issued as part of the stock dividend; (2) journalize the declaration of the stock dividend (August 9); (3) journalize the distribution of the stock dividend (August 28); (4) determine the amount of stock after the stock dividend; (5) journalize the declaration of the cash dividend (Sept. 16th), and (6) journalize the distribution of the cash dividend (Oct. 12th)

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