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, 53,500 shares authorized, 7,000 issued, 7,000 outstanding Retained Earnings, $535,000 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