E11.5 (10.2.3) On January 1, 2021, Tarow Corporation had 80,000 common shares, recorded at $600,000, and retained earnings of $1 million. During the year, the following transactions occurred Apr. 2 Issued 5.000 common shares at $20 per share. June 15 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30. payable on July 1o. Aug 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $22 a share on August 21, $24 on September 5, and $26 on September 20 . 1 Issued 3,000 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10 Instructions a. Record the above transactions for 2021. (Note: Closing entries are not required.) b. What is the number of common shares at the end of the year? Compare cash dividend, stock dividend, and stock split ini a S.SO 1.6 (L03) Laine Inciscosidering of the the following our copy 5 stock dividendor (3) electing a forstock split. The current share price is the Instructions Help Laine make its decision by completing the following chart teachty Before Action After Cash Dividend After Stock here 31359.000 Sao Totalt Total liabilities Shareholders equity Common shares Retained earning Total shareholders' equity Total liabilities and shareholders equally Number of common shares 1.000.000 Indicate moderne