D. C. E 18-20 Stock split; Hanmi Financial Corporation Hanmi Financial Corporation is the parent company of Hanmi Bank. The company's stock split was announced in the following wire: Real World Financials LOS ANGELES Jan. 20 BUSINESS WIRE -Hanmi Financial Corporation (Nasdaq), announced that the Board of Directors has approved a two-for-one stock split, to be effected in the form of a 100 percent common stock dividend. Hanmi Financial Corporation stockholders of record at the close of business on January 31 will receive one additional share of common stock for every share of common stock then held. Distribution of additional shares issued as a result of the split is expected to occur on or about February 15. At the time of the stock split, 25.5 million shares of common stock, $.01 par per share, were outstanding. Required: 37. 1. Prepare the journal entry, if any, that Hanmi recorded at the time of the stock split. A. Paid-in capital excess of par.... Retained earnings B. 25,500 25,500 A Paid-in capital excess of par... 255,000 Common stock 255,000 Common stock 25,500 Paid-in capital excess of par 25,500 Paid-in capital-excess of par..... Retained earnings 255,000 255,000