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Sharon OTB Corporation reports the following shareholders' equity as at December 31,2024: Assume the boand of directors declares dividends totaling $1,699,800 to the shareholders, The

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Sharon OTB Corporation reports the following shareholders' equity as at December 31,2024: Assume the boand of directors declares dividends totaling $1,699,800 to the shareholders, The preferred shares are camkitative. and no dividends were dectared after 2022. Calculate the amount per share each class of shares will recelive: iRound answern to 2 decimal plackis es, 5.75 ) Assime the board of directoes authorizes a 2 -for- 1 split on the common shares. Calculate the number of sfares outstandiry arter the split and the average per share aimount for both classes of shares. (Round overage per shore onswers to 2 decimai plicks, es 5.75 ) Numtre of shares outstanding after the split shares Assume the board of directors authorizes a 10% stock dividend on the common shares after the stock split. The current selling price of the common shares is \$11. Prepare the journal entries to record the declaration and distribution of the stock dividend (Credit accourt tities are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credil entries: If no entry is required, select "No Entry" for the account titles and enter O for the amounts)

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