In some cases, companies elect to pay dividends to stockholders in the form of additional shares of stock instead of cash. A stock dividend is normally declared only on common stock and issued to common stockholders. An analysis of Snowflake, Inc.'s common stock is as follows: Number of common shares Shares authorized 450,000 Shares issued Shares outstanding 325,000 310,000 On February 1, Snowflake, Inc. declared an 8% stock dividend for its common stockholders. The stock dividend will be distributed on March 1 for holders of records on February 16. Snowflake's common stock has a par value of $2 per share. Complete the table to reflect the correct number of common shares in the company after the stock dividend is distributed (Hint: Remember, the number of shares declared (and distributed) are calculated using outstanding shares because only outstanding shares receive dividends.) Number of common shares Show any work you wish for me to consider for partial credit in this box: Shares authorized Shares issued Shares outstanding On February 1, the market price of Snowflake, Inc.'s common stock was $9 per share. On February 16, the market price of Snowflake, Inc.'s common stock was $9.25 per share. On March 1, the market price of Snowflake, Inc.'s common stock was $8.90 per share. Complete the necessary journal entries that Snowflake, Inc. made in order to account for the declaration and distribution of its stock dividend. Date Account Title Debit Credit Snowflake, Inc. issued the 325,000 shares before the stock dividend at a price of $7.50 per share. Snowflake, Inc. has never issued preferred stock. Complete the chart below that represents stockholders' equity before the stock dividend is declared and after the stock dividend is declared and distributed. The general ledger accounts (T- accounts)must be completed for full credit in determining the "balance after the stock dividend". Common stock Paid-in-capital in excess of par - CS Retained earnings Treasury stock Total Stockholders' Equity Common stock Balance before the stock dividend Balance after the stock dividend $3,000,000 ($60,000) PIC-CS Retained earnings Treasury stock CS dividend distr. Type answer here: How much per share did Snowflake, Inc. pay for the treasury stock? (assume it was a single purchase) What effect does a stock dividend have on the company's total assets? Defend your answer. Type your answer here: Suppose before the stock dividend, Reallie Cold owned 12,400 shares of Snowflake, Inc.'s stock, (4% of the shares outstanding). After the stock dividend, Reallie would own: (Type your answers in the boxes provided.) Number Percentage of shares of shares