Davies Corporation has 540,000 common shares outstanding. The corporation declares a 8% stock dividend at the common shares fair value of $26 per share. (Their carrying value is $20 per share.) Prepare the journal entries for the company for both the date of declaration and the date of distribution. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Declaration Date: Distribution Date: adhtudie Debit Credit Current Attempt in Progress Davies Corporation has 154,000 common shares outstanding with a carrying value of $24 per share. Concord declares a 3-for-1 stock split. (a) How many shares are outstanding after the split? Number of shares outstanding shares