QUALITY COMPANY Partial Balance Sheet Common stock, $10 par, $350,000.00 $150,000.00 WN + Additional paid-in capital on common stock, Retained earnings $200,000.00 4. Total $700,000.00 Quality is considering the declaration and issuance of a stock dividend at a time when the market price is $30 per share (10 points). Required: 1. Assuming the board of directors recommends a 8% stock dividend, prepare: (1) the journal entry at the date of declaration; (2) the journal entry at the date of issuance; (3) shareholders' equity after the issuance. 2. Assuming, instead, that a 50% stock dividend is recommended, answer (1),(2) and (3) of Requirement 1