On January 1, 2018 Watson Corporation, a publicly traded company, had 220,000 common shares outstanding, recorded on the books at $2,200,000. An unlimited number of common shares were authorized. During the year the company had the following transactions and activities: January 15 Declared a $1 per share dividend to shareholders of record on January 31, [payable February 15. April 16 Declared a 10% common stock dividend to common shareholders of record on April 30, to be distributed on May 15. Shares were trading at $15 April 16; $13 on April 30, and, S14 on May 15. October 1 Executed a 2-for-1 stock split. The share price was $20 that day. REQUIRED a) Prepare any journal entries required by these 2018 transactions. If no journal entry is required, simply write No J/E Required b) How many common shares are outstanding after the 2-for-1 stock split October 1? Date Account Dr Cr