part b required

Problems for Section 11B 11B-1. On January 4 KATIE Incorporated has the following balances in its owners' equity accounts: RETAINED EARN COM ST ($4 par) APIC-COMMON 98000 56000 60000 a. On that date KATIE announces and distributes a 10% stock dividend. At this point in time the market price of the stock is $18 per share. Show the necessary accounting entries. b. Show the necessary accounting entries if KATIE had announced and distributed a 40% stock dividend on January 4 instead of the small stock dividend discussed in a