Hancock Corporation has 900,000 common shares authorized and 350,000 shares issued and outstanding.\ \ \ \ If Hancock Corporation declared and issued a 5% stock dividend, what journal entry would the company make if the shares trade for $20 on the date the dividend is declared and issued?\ \ ANSWER\ Unselected\ Retained Earnings 45,000\ \ Common Shares 45,000\ \ Unselected\ Retained Earnings 350,000\ \ Common Shares 350,000\ \ Unselected\ Retained Earnings 900,000\ \ Common Shares 900,000\ \ Unselected\ Retained Earnings 17,500\ \ Common Shares 17,500