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i need answers for A,B,C, and D Exercise 12.8 (Algo) Cash Dividends, Stock Dividends, and Stock Splits (LO12-4) HITech Manufacturing Company has 1,000,000 shares of

i need answers for A,B,C, and D image text in transcribed
Exercise 12.8 (Algo) Cash Dividends, Stock Dividends, and Stock Splits (LO12-4) HITech Manufacturing Company has 1,000,000 shares of $1 par value capltal stock outstanding on January 1. The following equity transactions occurred during the current year. Apr. 30 Dintributed additional ahares of capital atook in a 2-for-1 atook aplit. Market price of atook wan $28 per ahare. June 1 Deelared a oash dividend of 50.49 por nhare. July I Paid the 80.49 canh dividend to atockholdera, Aug. I Declared a 5 percent htook dividend. Market price of atock wan $19 per share. Sept.10 rasued shares renulting from the 5 percent ntook dividend declared on Auguat 1 . a. Prepare journal entries to record the above transactions; b. Compute the number of shares of capital stock outstanding at year-end. c. What is the par value per share of HiTech Manufacturing stock at the end of the year? d. Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend

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