Bower Corporation reported the following information: common stock, $1 par; 100,000 shares authorized; 75,000 shares issued and outstanding.

Required: 1. what is the appropriate journal entry to record a 10% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? (Record small stock dividend) 2. what is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? (Record large stock dividend) 3. How do these transactions affect Bower's total stockholders' equity? Total stockholders' equity is by these transactions