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Question 2 (10 points) Sunset Corporation has the following account balances on January 1, 2020: Common shares, unlimited number authorized, no par value, voting shares,
Question 2 (10 points) Sunset Corporation has the following account balances on January 1, 2020: Common shares, unlimited number authorized, no par value, voting shares, 150,000 issued $1,500,000 Retained Earnings $ 375,000 The following take place during 2020: Mar 1 - 10% stock dividend declared on common shares, share price is $11 Mar 15 - date of record for stock dividend Mar 31 - date of issuance of stock dividend Aug 15 - a $0.50/share cash dividend declared on common shares. Sep 15 - date of record for Lash dividend. Sept 30 - date of payment of cash dividend. Required Make all of the necessary journal entries for both the stock dividend and the cash dividend. If there is no entry required for the date please indicate "no entry required
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