Dividends and Stock Splits Pictures Bizarre Inc. has 2,000,000 shares of authorized $0.50 par value common stock. They have issued 275,000 shares and have capital in excers of par ("Additional Paid in Capital") of $1,500,000. The company does net have amy treasury stock. 1. On March 53, x1, Pictures Bizarre inc, declared a $0.50 per common share dividend for stockholders of record on March 15n., to be paid on March 23". What are the entries on March 5Ww, March 15 and March 23ra? 2. On April 20, 11 . Pictures Bizarre inc. executes a 5 -for-1 stock split. Shortly before the stock split, Pictures 8 iaarre Inc. repurchased 50,000 of their own shares at $5.00/ share. Please prepare the JE, then feport the number of shares authorized, issued, and outstanding, as well as the share's par value. 3. A stocikholder owned 22,500 shares of stock before the stock split or 10% of total shares outstanding. AFTER the stock split, how many shares and what percentage ownership does this stockholder have? 4. Now assume the stock split did not occur. Instead, on Agei 20, x1, Pictures bizarre Inc. declares a 20\%s stock dividend, to be paid on April 20 for shareholders of record on Apri 20 . The market value of the stock is $50 at the date of declaration. What is the journal entry? 5. A stockholder owned 55,000 shares of stock before the stock dividend or 20% of total shares outstanding. AFTER the stock dividend, how many shares and what percentage ownership does this stockhoider have