On May 1, 2015, the board of directors of Stiller Co., declared and paid a 3% share dividend on its 50 million common shares. The market price of Stiller Co. common shares was $20 on May 1, 2015. a) Prepare the journal entry to record the share dividend. Please make sure all dollar amounts are in millions and rounded to 2 decimal places. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan).

Date	Account	Debit	Credit

b) Assume a 5-for-1 share split instead of the 3% share dividend. Prepare the journal entry on May 1, 2015 to record the share split. Please make sure all dollar amounts are in millions and rounded to 2 decimal places. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan).

Date	Account	Dr	Cr

c) What is the number of shares outstanding after the split in part b? Round to the nearest million.