Gotta Have It, Inc. is considering giving a 50% stock dividend or a 1.5 to 1 stock split. What would be the effect of each option? Gotta Have It currently has $9 par common stock with 300,000 shares authorized, 85,000 shares issued and outstanding a) Calculate the effect on authorized shares, outstanding shares and the par value under each scenario Stock Dividend Stock Split Authorized Shares Outstanding Shares Par Value b) Prepare the required journal entries assuming stock is issued upon declaration. Ifno journal entry is required, enter that in the account space of the first line of the journal entr Stock Dividend Date Description Debit Credit Stock Split Date Description Debit Credit c) Taking the journal entries into account, how would the Stockholder's Equity section look AFTER each option? OriginalStock Dividend Stock Split Common Stock 765,000 Retained Earnings 350,000 Total Stockholder's Equity 1,115,000