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Please show work. Accounting for Stock Dividends and Stock SplitsThe following transactions occurred during the year in the following sequence: 1. Declared and distributed a
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Accounting for Stock Dividends and Stock SplitsThe following transactions occurred during the year in the following sequence: 1. Declared and distributed a 10% stock dividend on the outstanding common shares at a time when the common shares were selling for 515 per share. 2. Declared a 3-for-2 forward stock split on the outstanding common shares. 3. Declared and issued a 20% stock dividend on the outstanding common shares at a time when the shares were selling for $30 per share. 4. Declared a 2-for-1 forward stock split on the outstanding common shares. Calculate the par value per share and number of shares outstanding at year-end. Prepare the shareholders? equity section of the balance sheet for the Irvine Corporation at year-end. Do not round until your final answers. Par value per share at year end. Round to two decimal places. Number of shares outstanding at year end. Round to nearest whole number. Do not use rounded answers in your calculations. Enter all answers in the nearest whole numberStep by Step Solution
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