Part 1: On September 15, 2024, the Erid Mithrin Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10,2024 , to shareholders of record on October 1 , 2024. The market price per share on the date of declaration was $23.6 while the market price on the date of distribution was $25.6. The common stock has a par of $5 per share and there were 1,700,000 shares outstanding prior to the declaration of the stock dividend. Part 2: If instead, the board of directors declared a 2-for-1 stock split on the common shares. The company accounts for the stock split effected in the form of a stock dividend. Part 3: If instead, the board of directors announces a 5% stock dividend on the common shares. Cash payments are given in lieu of 10,000 fractional shares. Required:Prepare any necessary journal entries to record the above transactions. 15 POINTS