Current Attempt in Progress On December 1, 2020, CV Corporation's stockholders' equity section is as follows: Common stock, $1 par value $125,000 Paid-in capital in excess of par value-- Common Stock 525,000 Retained earnings 200,000 Total stockholders' equity $850,000 CV's board of directors is deliberating declaring either (a) a 100% stock dividend or (b) a 2-for-1 stock split. Prepare the journal entries that would be required for each option, Assume that the fair value of the stock on the declaration date is $8 per share. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation (a) Declaration date: Debit Credit Distribution date CV's board of directors is deliberating declaring either (a) a 100% stock dividend or (b) a 2-for-1 stock split. Prepare the journal entries that would be required for each option. Assume that the fair value of the stock on the declaration date is $8 per share. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation (a) Declaration date: Distribution date: (b)