Stock Dividend 3. On July 24, 2018, Flowers Corporation declared a 9% stock dividend distribut- able August 18 to stockholders of record on August 8. Currently Flowers has 6,500 shares of common stock issued and outstanding. The stock has a par value of $18. The current fair market value of the stock is $33. Journalize (a) the declaration of the dividend and (b) the issuance of the stock dividend. Treasury Stock 4. Journalize the following transactions: a. Jarrod Co. acquired 110 shares of its own $5 par value common stock at $16 b. Twenty-seven of the treasury shares are reissued at $21 per share. c. Twenty of the treasury shares are reissued at $9 per share. Prior Period Adjustment 5. Seven months after its closing, Trees Co. discovered that depreciation was under- stated by $16,000. Provide the journal entry to adjust the prior period error (ignore any tax effects). per share