Company 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, company declared a 15% stock dividend that was distributed on August 28th. On September 16, company declared a $0.15 cash dividend. The cash dividend was paid on Oct. 12th.

WITH EXPLANATIONS PLEASE SO I CAN UNDERSTAND HOW TO DO IT

a. Determine the number of shares issued in the stock dividend.

b. Journalize the declaration and distribution of the stock dividend.

c. Journalize the declaration and the payment of the cash dividend.