Gotta Have It$,$ Inc. is considering giving a $50\%$ stock dividend or a $1\mathrm{.}5$ to $1$ stock split. What would be the

effect of each option? Gotta Have It currently has $$6$ par common stock with $200,000$ shares authorized,

$75,000$ shares issued and outstanding.

a$)$ Calculate the effect on authorized shares, outstanding shares and the par value under each scenario.

b$)$ Prepare the required journal entries assuming stock is issued upon declaration. If no journal entry is

required, enter that in the account space of the first line of the journal entry $($Hint: use the Account List $-$

click to pop open to help you with your journal entries$).$

Stock Dividend:

Stock Split:

c$)$ Taking the journal entries into account, how would the Stockholder's Equity section look AFTER each

option?