PB8. LO 14.3 (Modified)Tent & Tarp Corporation is a manufacturer of outdoor camping equipment The company was incorporated ten years ago. It is authorized to issue 500,000 shares of $1 par value common stock. It has issued 7,000 common shares since its incorporation and currently has 2,000 shares held in treasury. Tent & Tarp has the following transactions: Mar. 1 Declares a cash dividend of $2 per share to shareholders of record on March 15. Mar. 30 Pays the cash dividend. Jul. 10 Declares a 5-for-1 stock split of its common shares. Journalize these transactions. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split