(I WILL LEAVE YOU A GREAT REVIEW!) Daisy D. Corporation has the following stockholders' equity on December 10, 2020:

Common Stock ($15-par value, 300,000 shares authorized, 130,000 shares issued and outstanding	$1,950,000
Additional Paid-In Capital in Excess of Par Value	1,890,000
Total Paid-in Capital	$3,840,000
Retained Earnings	4,410,000
Total Stockholders' Equity	$8,250,000

On December 10, the market price of Daisy D. Corporation's common stock was $102 per share.

Required:

Part A: Give the general journal entry(s) required (if any) on December 10, 18, and 31 to record the following transactions in Workpaper #4.

1. On December 10, 2020, Daisy D. declared a $2 per share cash dividend, payable on December 31, to shareholders of record on December 18.
2. On December 10, 2020, Daisy D. declared a 7% stock dividend, distributable on December 31 to shareholders of record on December 18.
3. On December 10, 2020, Daisy D. declared a 200% stock dividend, distributable on December 31 to shareholders of record on December 18.
4. On December 10, 2020, Daisy D. declared a 5 for 1 stock split effective December 31, 2020.

Part B: For each transaction in part A, indicate the balances of the stockholders' equity accounts and other stockholders' equity information on December 31, 2020, assuming no other stockholders' equity transactions occurred. Treat each case independently--compute the new balances of each case based on the Current Balances.

	Current Balances	Trans. 1 Cash Dividend	Trans. 2 7% Stock Dividend	Trans. 3 200% Stock Dividend	Trans4. 5for1StockSplit
CommonStock	1,950,000
APIC in Excess of Par Value	1,890,000
Total Paid-in Capital	3,840,000
Retained Earnings	4,410,000
Total Stockholders' Equity	8,250,000
# of Shares Outstanding	130,000
Par Value per Share	$15
Market Price per Share	$102

Part C: If you are a shareholder in D. Daisy Corporation with 1,000 shares of stock, describe the effect that each transaction in Part A would have on you.

1. $2 per share cash dividend
2. 7% stock dividend
3. 200% stock dividend
4. 5 for 1 Stock Split.