Company Z as 2.15 million shares of common stock authorized with a par value of $1 and a market price of $53. There are 1.075 million outstanding shares and 0.26875 million shares held in treasury stock.

a. Prepare the journal entry if the company declares and distributes a 10% stock dividend.

b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity.

c. Prepare the journal entry if the company declares and distributes a 100% stock dividend.

d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.