Show all calculations: Points will be deducted for lack of calculations. . 1. Cash Dividend - A corporation has the following shares outstanding: 8.000 shares of $50 par value, six percent preferred stock 50,000 shares of $1 par value common stock. At year-end, the company declares a cash dividend of $134,000. Req. Prepare the journal entry to declare and distribute the cash dividend. 2. Stock Dividend - A corporation has 80,000 shares of $5 par value common stock outstanding. At year-end, the company declares a five percent stock dividend. The market price of the stock on the declaration date is $20 per share. Req. a) Prepare the journal entry to declare and issuance the above stock dividend. b) Assume that the company declared a 30 percent stock dividend rather than a five percent stock dividend, Prepare the journal entry to declare and issuance the above stock dividend