Date Account Titles and Explanation (a) Declaration date: (b) Distribution date: Debit Credit On December 1, 2020, Sunland Company's stockholders' equity section is as follows: Common stock, $1 par value $205,000 Paid-in capital in excess of par value-Common Stock 590,000 Retained earnings 260,000 Total stockholders' equity $800,000 Sunland'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 Debit Credit (a) Declaration date: Distribution date