Jennifer OTB Corporation reports the following shareholders' equity as of December 31, 2021: $1,495,000 Preferred shares, $4.00, 515,000 shares authorized 115,000 shares issued and outstanding Common shares, unlimited shares authorized, 196,000 shares issued and outstanding Retained earnings 2,524,480 3.260,000 $7.279,480 Assume the board of directors declares dividends totaling $1,560,920 to the shareholders. The preferred shares are cumulative, and no dividends were declared last year. Calculate the amount per share each class of shares will receive. (Round answers to 2 decimal places, es, 5.75.) Preferred shares Common shares Amount per share $ Store Attempts of lused Saint Anne Assume the board of directors authorizes a 2-for-1 split on the common shares. Calculate the number of shares outstanding after the split and the average per share amount for both classes of shares. (Round average per share answers to 2 decimol places, eg. 5.75.) Number of shares outstanding after the split 184500 shares Preferred shares Common shares Average per share amount $ 11500 $ 196000 Attempts: 1 of 1 used (c) Assume the board of directors authorizes 10% stock didend on the common shares after the stock split. The current setting price of the common shares is 512 Prepare the journal entries to record the declaration and distribution of the stock dividend. (Credit account titles are udmill invented when the amount is entered. Do not indent manually Lit all debit entries before credit entries. If no entry Assume the board of directors authorizes a 10% stock dividend on the common shares after the stock split. The current selling price of the common shares is $12. Prepare the journal entries to record the declaration and distribution of the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record declaration of stock dividend.) (To record distribution of stock dividend.) Attempts: 0 of 1 used Submit