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Spaces provided for calculations. SHOW ALL OF YOUR WORK. 1: We Move Fast Corporation has 100,000 $1 par value shares outstanding. On July 1, We

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Spaces provided for calculations. SHOW ALL OF YOUR WORK. 1: We Move Fast Corporation has 100,000 $1 par value shares outstanding. On July 1, We Move Fast declared a 30% stock dividend when stocks were selling for $7 per share. The stock will be distributed to stockholders on August 2. Record all the journal entries necessary. If one is not necessary, state no journal entry required. (6 points)

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