Company Z has 2.1 million shares of common stock authorized with a par value of $1 and a market price of $52. There are 1.05 million outstanding shares and 0.2625 million shares held in treasury stock. Required: 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. Groucho, Harpo, and Chico form a partnership on January 1, 2018. Groucho contributes $325,000, Harpo $195,000, and Chico $130,000 to a business called Marx Brothers' Partnership. On a monthly basis, each partner is allocated income and is allowed to receive cash from the business in proportion to the capital they provided. Assume that Groucho receives $6,600 cash per month. Required: a-d. Prepare the journal entry for the following transactions: (i) The initial investment. (ii) The monthly distribution amounts for each of the three partners. (iii) The allocation of an annual net income of $234,000. For purposes of this journal entry, assume Sales Revenue totaled $351,000 and that all expenses, totaling $117,000, were recorded in a single account called Operating Expenses. (iv) The closing of the drawings accounts at the end of the year. e. Prepare a Statement of Partners' Equity (assume no additional investments made)