Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following information: common stock, $1 par; 100,000 shares authorized; 67,000 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? M (Record large stock dividend) 3. How do these transactions affect tower's total stockholders' equity? Total stockholders equity is by these transactions Previou Check My Work 3 mon chick My Work uses remaining Save and ta Email Instructor All work saved Submit