Stock Dividends and Stock Splits At December 31, 2017, Jasmine Corp. and Lavendar Corp. have identical amounts of common stock and retained earnings as follows: Common Stock, $10 par, 41,000 shares authorized, 9,000 issued, 9,000 outstanding Retained Earnings, $410,000 At December 31, 2017, Jasmine Corp. declares and issues a 100% stock dividend, while Lavendar Corp. declares and issues a 2 -for-1 stock split Required