DEF Corporation has the following share capital and retained earnings balances at December 31, 2018.

Issued share capital

2,000,000 common shares $ 10,000,000

Retained earnings 90,000,000

$ 100,000,000

i)If a 5% stock dividend is issued when the shares are trading for $ 10 per share, prepare the journal entry to record the stock dividend

ii)If a 2 for 1 stock split is announced, prepare the journal entry to record the stock split.

iii)If DEF Corporation had net income of $3,000,000 in 2018 and 1,000,000 common shares outstanding at December 31,2017. Calculate the earnings per share.