Tasty, Inc. had 340,000 shares of $2 par value common stock issued and outstanding as of August 15, 2016. The company is authorized to issue 1,000,000 common shares. On August 15,2016 , Tasty declared a 35% stock dividend when the market value for Tasty's common stock was $3 per share. The stock was issued on Aug 30 . Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. How many shares of common stock are outstanding after the dividend? Now journalize the distribution of the stock dividend Reauirement 2. How manv shares of rommon stock are outstandinn after the dividend? Requirement 1. Journalize the declaration and distribution of the stock dividend (Record debits first, then credits Select the explanation on the last line of the journal entry table ) Start by journalizing the declaration of the stock dividend Now iournalize the distribution of the stock dividend Now journalize the distribution of the stock dividend. Requirement 2. How many shares of common stock are outstanding after the dividend? There are shares of common stock outstanding after the dividend