On January 1, Blossam Corporation had 93,000 shares of no-par common stock issued and outstandinz The stock has a stated value of 57 per share. During the year, the following occurred. Apr. 1 Issued 30,000 additional shares of common stock for $16 per share. June 15 Declared a cach dividend of $1 per share to stockholders af recard on June 30 . July 10 Paid the $1 cash dividend. Dec. 1 lssued 1,500 additional shares of comman stock for $19 per share. 15 Declared a cash dividend an outstanding shares of $2.00 per share to stockholders af record on December 31. [a] Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Recard joumal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) On Octaber 31, the stockholders' equity section of Crane Company consists of comman stack 3310,000 and retained earnings $892,000. Crane is considerinz the follawing two courses of action: (1) declaring a 5% stock dividend on the 31,000, $10 par value shares outstanding or (2) effectinz a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share