OLB Corporation reperts the fre shareholder's equity as of Decemes 31,2021 : Preferred shares, $4.00,500,000 shares auth 100,000 shares issued $1300,000 and outstanding Common shares, unlimted shares authorines euthorines a 10% stock dividend on the common shares oftr the stock split. The current selling price of the common shares is \$1. Prepare the jourhal entry to record the declaration and astribution of the stork dividend. andoutstandingissued2,425,000Retainedeamings3,200,000 Instractions (a) Assume the board of directions declaries divilu totaling $1500,000 to the shareholders. TH preferred shares are cumulative, and dividends were declared last year. Calaubi the Amount per share each class of sheres will receive. b) Assume the board of clrections authornd a 2-for -1 split on the common share Calculate the number of slares outstanding ofter the split and the average per share amount for both classes of shares. Assime the board of directors OLB Corporation reperts the fre shareholder's equity as of Decemes 31,2021 : Preferred shares, $4.00,500,000 shares auth 100,000 shares issued $1300,000 and outstanding Common shares, unlimted shares authorines euthorines a 10% stock dividend on the common shares oftr the stock split. The current selling price of the common shares is \$1. Prepare the jourhal entry to record the declaration and astribution of the stork dividend. andoutstandingissued2,425,000Retainedeamings3,200,000 Instractions (a) Assume the board of directions declaries divilu totaling $1500,000 to the shareholders. TH preferred shares are cumulative, and dividends were declared last year. Calaubi the Amount per share each class of sheres will receive. b) Assume the board of clrections authornd a 2-for -1 split on the common share Calculate the number of slares outstanding ofter the split and the average per share amount for both classes of shares. Assime the board of directors