Question #1 )

The Migos Corporation's stockholders' equity accounts have the following balances as of January 1, 2016:

Common stock, $10 par (60,000 shares issued and outstanding)		$ 600,000
Additional paid-in capital: common		1,500,000
Retained earnings		1,200,000
	Total stockholders' equity	$3,300,000

Migos engaged in the following dividend transactions during 2016:

March 1:	Declared a 50% stock dividend on the common stock, distributable on April 10. The market price per share for the common stock was $35 on March 1.
April 10:	Distributed the stock dividend declared on March 1.
June 30:	Declared a 10% stock dividend on the common stock, distributable on August 5. The market price for the common stock was $38 per share on June 30.
August 5:	Distributed the stock dividend declared on June 30.
December 1:	A $.60 per share cash dividend was declared on the common stock, payable on January 20, 2017.

Required: Prepare the entries to record the dividend transactions for 2016. (Do not record the cash dividend payment in 2017.

Question #2)

On January 1, 2016, Big Sean Co. had 25,000 shares of common stock outstanding. On April 1, 2016 it had a 10% stock dividend. On October 1, 2017 it had a 4:1 stock split.

Required:

a.	Determine the weighted average common stock outstanding used in the basic earnings per share computation at 12/31/2016.
b.	Determine the weighted average common stock outstanding used in the basic earnings per share computation at 12/31/2017.