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Exercise #3 Chrysler corp. On December 31 2020 Has already issued 65,000 Common shares for 624,000$ It has Retaining balance 240,000$ Because in 2021, the

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Exercise #3 Chrysler corp. On December 31" 2020 Has already issued 65,000 Common shares for 624,000$ It has Retaining balance 240,000$ Because in 2021, the company is performing unexpectedly very well, it decided the following: July 5, it has dedared a 15% Share dividend distributable on July 30,2021. On August 11 It also declared a 0,30$ Cash dividend payable on September 5 2021. Questions: a-lournalize the declaration of the share dividend, the market price of the share was $ 16,00-on July 5th and$ 17,00 on July 30", and the entry on July 30" 9pts b-Journalise the declaration of the cash dividend, and the payment of the dividend. 9ts - Assuming profit earned during 2021 is 120,000$. Journalize the transaction, 9pts

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