E11.5 (LO 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 comm amon 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 10. 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. Nov. 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. (1) Taine Inc is considering one of the three following courses of action: (1) Daving a so.50 cash dividend. (2)